Saturday, 24 September 2011

What is Pessimism Bias

There are different way of  bias and it can range from  personality quirk .One is depressive or negative point of view Irrationality  is a rather  human trait that cannot be  avoided.defected moves  triggered by  mental processes. Behavioral  studied as a  phenomena called "bounded rationality" From a particular vantage point,  events, emotions, people ,  can all look warped and subjective.
Everything expressed in terms of colors, black, white and gray. White is see  everything in a positive light. The sun will come  tomorrow and life is all about living  and experienc things. If today noting my day, ther is not problem, there is always a tomorrow.An individual  not fall rigidly into any of the 3 groups but instead  jump from one  group to another, depending on the situation or emotion. Some people are incredibly  optimistic about love but can be very realistic when it comes to finances and careers.
An interview is being held for a high-profile job in a Fortune 500 company. It is a  job and a  company.he competition is fierce and 2 candidates A and B wait for their respective interviews.  A looks around the room and feels hopeful. Yes there are a lot of people, yes the interview  might go very rough but inside A is brimming with hope. B in contrast is pessimistic.
 The current situation of the economy in a very negative view, like it’s the end  of the financial world and that the success of the past will never come again. But those  well-versed in financial jargon and know-how, are realistic that the situation will improve,because nothing lasts forever and this applies to good and bad things.

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