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Nov 11, 2007

"The differences between optimists and extreme optimists are remarkable, and suggest that over-optimism, like overconfidence, may in fact lead to behaviors that are unwise." --Manju Puri

Economic Power of Positive Thinking

Optimists are more likely than others to display prudent financial behaviors but extreme optimists tend to have short planning horizons and act in ways that are generally not considered wise. According to new research from Duke University, optimists work long hours, invest in individual stocks, save more and pay their credit card balance on time while extreme optimists work fewer hours, are often day traders, and are more likely to smoke.