Saturday, March 7, 2009

Good Thoughts

"Most people (ironically those deemed psychologically healthy) have an optimistic bias and generally assign too high odds of things working out well.  The mildly depressed make more accurate assessments. I have often wondered which way the causality runs: do they make better assessments BECAUSE their unhappy state strips away the rose-colored filter, or are they mildly depressed because they keep giving more realistic assessments, which makes them a drag to be around, and they are depressed because they encounter social rejection?"

from Yves Smith  (No reason to read the thing unless you are interested in finance and/or chaos theory.)

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