Do we adjust our sunny expectations based on our experiences? Cade Massey, an assistant professor of organizational behavior at the Yale School of Management, discusses his work.
Q: What do you mean when you talk about optimism?
We have a very precise definition: a positive bias relative to some objective criteria. And, more specifically, a bias in the preferred direction of the likelihood of an event relative to an objective measure of the likelihood of that event.
Q: You have a paper about how optimistic MBA students are about their grades, and how that changes over the course of a year. What is that paper trying to get at?
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