Peter and Mirta’s series on cognitive biases continues!
There are a few different cognitive biases that have a powerful influence on how you think, how you feel, and how you behave. Each episode will touch on a different bias. So make sure you tune in to them all!
This week Peter and Mirta talk about the Optimism bias (or the optimistic bias) which is a bias that causes someone to believe that they themselves are less likely to experience a negative event. It is also known as unrealistic optimism or comparative optimism.
For example, people believing that they are less at risk of being a crime victim, smokers believing that they are less likely to contract lung cancer or disease than other smokers, and first-time bungee jumpers believing that they are less at risk of an injury than other jumpers, or traders thinking they are less exposed to potential losses in the markets.
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