I have some hard data that disproves I’m a realist, but suggests I’m a pessimist (i.e. more than 50% of the time my best expectations of personal outcomes are worse than the case). Now what?
The hard data is a handful of specific predictions for example, a prediction about a financial investment (where performance consistently exceeded my expectations) where I had no control over the performance, and things like a exam where I had control (although an instructor noted that I performed worse on the exam than a practice exam because of ‘nerves’).
Arguably the most immediate step is “just get more data: make sure this isn’t an aberration, or at the least see which specific types of predictions or expectations you’re more prone to systematic pessimism”.
Sure and then what? Should I change my investment style to allow more upside? If it means revising my models of the world—what shape does that take? What beliefs or habits are the cause of my pessimism?
Sounds like the right kind of questions to ask, but without more concrete data on what questions your predictions were off by how much, it is hard to give any better advice than: if your gut judgement tends to be 20% off after considering all evidence, move the number 20% up.
Personally me and my partner have a similar bias, but only for ourselves, so making predictions together on things like “Application for xyz will succeed. Y will read, be glad about and reply to the message I send them” can be helpful in cases where there are large disagreements.
I have some hard data that disproves I’m a realist, but suggests I’m a pessimist (i.e. more than 50% of the time my best expectations of personal outcomes are worse than the case). Now what?
The hard data is a handful of specific predictions for example, a prediction about a financial investment (where performance consistently exceeded my expectations) where I had no control over the performance, and things like a exam where I had control (although an instructor noted that I performed worse on the exam than a practice exam because of ‘nerves’).
Arguably the most immediate step is “just get more data: make sure this isn’t an aberration, or at the least see which specific types of predictions or expectations you’re more prone to systematic pessimism”.
Sure and then what? Should I change my investment style to allow more upside? If it means revising my models of the world—what shape does that take? What beliefs or habits are the cause of my pessimism?
Sounds like the right kind of questions to ask, but without more concrete data on what questions your predictions were off by how much, it is hard to give any better advice than: if your gut judgement tends to be 20% off after considering all evidence, move the number 20% up.
Personally me and my partner have a similar bias, but only for ourselves, so making predictions together on things like “Application for xyz will succeed. Y will read, be glad about and reply to the message I send them” can be helpful in cases where there are large disagreements.