As Though We Needed An Excuse

An interesting article from the Wall Street Journal's Science Journal, on the effects of optimism and pessimism in our lives. Robert Lee Hotz discusses the value of positive psychology in Except in One Career, Our Brains Seem Built for Optimism, stating:

Two research teams exploring the anatomy of expectations offer a new perspective on the power of a positive outlook. For the first time, scientists at New York University have mapped the upbeat brain -- finding in a cluster of neurons the size of a martini olive the seed of a sunny outlook on life. At its core, the brain is built for optimism, their work suggests.

Far from deforming our view of the future, this penchant for life's silver lining shapes our decisions about family, health, work and finances in surprisingly prudent ways, concluded economists at Duke University in a new study published in the Journal of Financial Economics. "Economists have focused on optimism as a miscalibration, as a distorted view of the future," said Duke finance scholar David T. Robinson. "A little bit of optimism is associated with a lot of positive economic choices."

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Optimists, the Duke finance scholars discovered, worked longer hours every week, expected to retire later in life, were less likely to smoke and, when they divorced, were more likely to remarry. They also saved more, had more of their wealth in liquid assets, invested more in individual stocks and paid credit-card bills more promptly.

Yet those who saw the future too brightly -- people who in the survey overestimated their own likely lifespan by 20 years or more -- behaved in just the opposite way, the researchers discovered.

Rather than save, they squandered. They postponed bill-paying. Instead of taking the long view, they barely looked past tomorrow. Statistically, they were more likely to be day traders. "Optimism is a little like red wine," said Duke finance professor and study co-author Manju Puri. "In moderation, it is good for you; but no one would suggest you drink two bottles a day."

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The influence of optimism on human behavior is so pervasive that it must have survival value, researchers speculate, and may give us the ability to act in the face of uncertain odds.

Medical evidence is suggestive. Optimistic people at risk for skin cancer are more likely to use sunscreen. Optimistic coronary artery bypass patients are more likely than pessimists to be taking vitamins, eating low-fat foods and joining a cardiac-rehab program five years after surgery -- and living longer, studies show.

"If even half the time our actions work out well, our life is going to turn out for the better," Dr. Phelps said. "If you are pessimistic, you are unlikely to even try."

Indeed, the researchers suspect that the breakdown of this brain network may contribute to clinical depression. All in all, Dr. Seligman said, optimists tend to do better in life than their talents alone might suggest.

I would say (despite my rants on political matters) that in my personal life, I am by nature a positive person. If anything, I may be overly optimistic, which sure doesn't sound like a good thing.

However, the article had one caveat on the value of the power of positive thinking:

Except lawyers.

Surveying law students at the University of Virginia, he found that pessimists got better grades, were more likely to make law review and, upon graduation, received better job offers. There was no scientific reason. "In law," he said, "pessimism is considered prudence."

How true. Caution is the touchstone of a good lawyer.

And you wonder why lawyers always give you the worst case scenario when you ask them a question about a legal problem. You thought it was just a CYA reaction -- making sure they tell you all of the possible pitfalls in order to avoid liability. Now you know -- if they are good lawyers -- they can't help themselves. It's just their nature.

Tags: Law