Rational brain · Judgment & Decision Science

Pessimism Bias

Under low mood, fatigue or after a loss, people over-weight negative outcomes and under-weight their own agency; the same option looks worse on a bad day, and persuaders who want a no wait for one.

An everyday example

Rejecting a sound opportunity the week after a failed project.

What it can cost you

Decisions coloured by state; being pitched fear when you are already down.

Warning signs

  • I said no to everything lately.
  • The option looks worse than it did last month with the same facts.

One thing to do

Date your judgments: if the pessimism started before the evidence, defer the decision until the state passes.

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