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Defined by Luthans and Carolyn M. Youssef, PsyCap is "an individual's positive psychological state of development and is characterized by: (1) having confidence (self-efficacy) to take on and put in the necessary effort to succeed at challenging tasks; (2) making a positive attribution (optimism) about succeeding now and in the future; (3 ...
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[2] Some research has suggested a pessimistic explanatory style may be correlated with depression [3] and physical illness. [4] The concept of explanatory style encompasses a wide range of possible responses to both positive and negative occurrences, rather than a black-white difference between optimism and pessimism.
Josiah Stamp is often given credit for introducing it in a 1935 speech, but although he did help to popularize it, a variant regarding a car's gas tank occurs in print with the optimism/pessimism connotations as early as 1929, and the glass-with-water version is mentioned simply as an intellectual paradox about the quantity of water (without ...
Pessimism, on the other hand, is much more common; pessimists are more likely to give up in the face of adversity or to suffer from depression. Seligman invites pessimists to learn to be optimists by thinking about their reactions to adversity in a new way. The resulting optimism—one that grew from pessimism—is a learned optimism.
The planning fallacy is a phenomenon in which predictions about how much time will be needed to complete a future task display an optimism bias and underestimate the time needed. This phenomenon sometimes occurs regardless of the individual's knowledge that past tasks of a similar nature have taken longer to complete than generally planned.
What happens during the start of earnings season this week will put that optimism to a new test in 2025. Investors ended 2024 brimming with optimism about US banks. What happens during the start ...
An optimist and a pessimist, Vladimir Makovsky, 1893. Researchers operationalize the term "optimism" differently depending on their research. As with any trait characteristic, there are several ways to evaluate optimism, such as the Life Orientation Test (LOT), an eight-item scale developed in 1985 by Michael Scheier and Charles Carver.