The Role of Optimism in Decision-Making




Decision-making and Valuation

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27
Herman vd Berg, Netherlands

The Role of Optimism in Decision-Making

How does optimism influence decision-making?
 

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3
Jaap de Jonge
Editor, Netherlands
 

Optimism in Making Decisions

Interesting question Herman... I believe there are many ways in which optimism influences decision-making:
- One is related to organizational pressure (only the best proposals make it, so we present our projects overoptimistic).
- Another thing is we know that quite often in (organizational) cultures optimists are being regarded and rewarded higher than pessimists (tough-guy macho culture). As a result, the decisions we make may not be in the best interest of the company.
- Thirdly, our brain may be fooling us. For example the bandwagon effect and being overconfident about our ability to control outcomes. This can lead us to make wrong or sub-optimal decisions.
I suspect there many more ways? Who joins in the discussion?

 
1
Joe Boyle
United States
 

Optimism and Decision Making

Herman - it does have an effect - and can skew results - people will see what they want to see. Also... Sign up

 
0
Lilyana Dewie, Indonesia
 

How Does Optimism Influences Decision Making

To make a good decision, we really need optimism, focus and energy. With optimism we can gather fact... Sign up

 
1
Daniel Latch
Management Consultant, United States
 

Optimism <= Perceptions of Challenge and Ability A/C=O

In response to Ms. Dewie, I wonder how you feel about this: "To make a decision good, we really nee... Sign up

 
3
Jean-Francois Landre, Canada
 

Optimism Influence on Decision-making

Optimism can negatively influence decision-making through biases in judgmental heuristics such as me... Sign up

 
2
PRASAD SN
Professor, India
 

It Depends on the Basis of Optimism

Decision making based purely on optimism may lead to disaster. Optimism as a result of confidence i... Sign up

 
0
Marcel Wiedenbrugge
Consultant, Netherlands
 

Optimism and Decision Making

Instead of optimism I would prefer to use the word realism. At the end of the day, in business optim... Sign up

 
1
Henry Lozada
Professor, Puerto Rico
 

A Predetermined Optimistic Emotional Attitude

A predetermined optimistic attitude (emotional) makes the decisions more easy and fast to make. Howe... Sign up

 
0
ahmed mahmoud ahmed abdo
ex-lecturer at the faculty of commerce Banha University, Egypt
 

The Need for Optimism Depends on the Decision-making Discipline

It depends on the kind of decision. Data, knowledge, experience, pre-studies, etc. are very critica... Sign up

 
0
ABOBAKER M
Accountant, Malaysia
 

Optimism is Important but not Enough

Although optimism is important, decision makers can not rely on it alone. Optimism will encourage th... Sign up

 
1
Jennings, Netherlands
 

Pessimism Can Also be Helpful in Decision-making

For me optimism is linked to a person; optimism is a skill. It is not linked to a subject or decisio... Sign up

 
1
Fariborz
Manager, Iran
 

Optimism Yes But Over-confidence No!!

Decision making is an important task that influences many things in the future. Generally speaking, ... Sign up

 
1
Salvatore DeCarlo
United States
 

Optimism and Common Sense

Optimism has to be based in reality. If we are optimistic while acknowledging the reality of the des... Sign up

 
1
Rebecca Roe
United States
 

Optimism vs Wishful Thinking

I think optimism and wishful thinking should be explored here. Good managers will be chosen on the b... Sign up

 
0
Thupalli Ravindra Reddy
Manager, India
 

Optimism Gives a lot of Energy

Having optimism gives a lot of energy. By being optimistic, many negativity factors will vanish. Onc... Sign up

 
1
R.C. Natarajan
Professor of Marketing, India
 

Optimism Makes One Lower the Guard

Optimism in the context of inter-personal relationship makes one lower the guard. My research shows ... Sign up

 
0
Tony Gosling
United Kingdom
 

Avoiding Optimism in Decision Making by Top Guys

I work on major defence procurement and support decisions and getting these wrong can destroy your c... Sign up

 
2
Zeb O. WATURUOCHA
Management Consultant, India
 

Optimism in Decision-making is Like Two Sides of a Sword

Optimism in decision making is like two sides of a sword where each side is sharp. Optimism in deci... Sign up

 
3
Jeff Wilson
Manager, United States
 

Optimism in Decision Making is a Matter of Mindset

Think of it this way - what is your mindset? A. Life is a test, therefore avoid looking foolish whi... Sign up

 
1
Hassaan Khalid, Pakistan
 

Optimism Avoids Stagnation

A pessimist will not take risks because he won't expect a return on them. So optimism is required, o... Sign up

 
-1
vincenzo de vera
Manager, Italy
 

Optimism Useful for Making Decisions

Optimism normally leads to positivity, a very useful attitude for managing people and difficult situ... Sign up

 
1
vincenzo de vera
Manager, Italy
 

The Role of Being Positive in Decision-Making

It is the basic state of mind which leads to success. Maybe better call it "Positiveness" which does... Sign up

 
1
Ebrahim Vahedi
Director, Iran
 

Importance of Knowledge and Optimism of Managers

@Jaap de Jonge: Hi, you're right there are several things involved in how optimism influences decisi... Sign up 18-1-2023

 
1
Molokanova
Professor, Ukraine
 

Optimism Useful for Making Decisions

Many sources promote the theory that the world is a mirror that returns to us what we pass into it. ... Sign up 18-1-2023

   

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Decision-making and Valuation



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