What Does Optimism Bias Mean?

What is optimism bias in driving?

The tendency to believe that one is more skilled and less likely to experience a negative event than one’s peers is known as unrealistic optimism or optimism bias (Weinstein, 1980).

Optimism bias has been investigated in the context of road safety since the early 1980s..

What is optimism bias in project management?

Optimism bias is the tendency for us to believe that we are less likely to experience negative events than others and to act on that optimistic belief – the classic “It won’t happen to me!” assumption. … However impacts from optimism bias are more likely to put our projects into harm’s way.

What does optimism mean?

Optimism is a mental attitude reflecting a belief or hope that the outcome of some specific endeavor, or outcomes in general, will be positive, favorable, and desirable. … Being optimistic, in the typical sense of the word, is defined as expecting the best possible outcome from any given situation.

How do you overcome optimism bias?

There are two researched ways of reducing the Optimism Bias (Jolls & Sunstein, 2006): Highlight the Availability Heuristic (make past bad events more easily retrievable from one’s memory) and use Loss Aversion (highlight losses that are likely to occur because of these bad events).