The IMF especially has a recent track record
of overoptimism that has hurt the reputation of its economics department.
By virtue of their self - awareness, humble CEOs can be expected to issue more realistic expectations that may deviate from
collective overoptimism.
One household - level cause fits with the implications of a host of other evidence about credit choices:
consumer overoptimism.
Here he quotes the controversial scholar Lauren E. Willis, who writes: «In reality, this education may do no more than
increase overoptimism and the illusion of being able to control financial risks.»
«In my own opinion this debate is fuelled by
an overoptimism in what can be achieved with AI algorithms, as well as an underestimating of how intelligent people really are.
[358] Immediately ahead of the party conference, noting a second Johnson speech setting out terms for Brexit even before determination by the Cabinet, Ruth Davidson called for «serious people» to take over his role, criticised
his overoptimism and predicted that Britain would «look very much like it looks now» after the transitional period.
Fortunately, like shoes, one can eventually wear a lab in, although in my case this took rather longer (okay, much longer) than expected — more a reflection of
my overoptimism than any fundamental characteristic of my new scientific home, I suspect.
A margin of safety is the cornerstone to value investing and preserving capital from big mistakes,
overoptimism, massive uncertainty, emotional actions, uncontrollable things, and devastating losses.