• 0 Posts
  • 1 Comment
Joined 1 year ago
cake
Cake day: June 12th, 2023

help-circle
  • Dawson found that individuals with higher cognitive abilities were less likely to fall into “extreme optimism” about their financial futures. In contrast, they were more likely to have realistic or even pessimistic expectations. For example, those with cognitive abilities two standard deviations below the mean exhibited a higher probability of “extreme optimism” compared to those two standard deviations above the mean.