10.25.2021 - By Charles Schwab
Anticipating and planning for obstacles can sometimes be more powerful than adopting a positive mindset.
A positive attitude is important when embarking on any new endeavor. However, as you may have heard in previous episodes of Choiceology with Katy Milkman, overoptimism also can blind you to important information.
In this episode, we look at a strategy that can help counteract the effects of overoptimism and overconfidence. You could call it the power of negative thinking.