Why Being a Realist Rather Than an Optimist Can Be A Key To Well-Being

Why Being a Realist Rather Than an Optimist Can Be A Key To Well-Being

Do you always look at the glass as half-full? Or do you prepare for the worst, just in case? Optimists glow with positivity, while pessimists swear by the safety of their low expectations. Yet, a recent study reveals that the realists might have the last laugh.

“Being realistic about your life outcomes is likely to make you happier than overestimating them," explains a Personality and Social Psychology Bulletin study. Researchers David de Meza from the London School of Economics and Chris Dawson from the University of Bath dove deep into a survey of 1,601 individuals spanning 18 years. They unearthed insights on health, finances, lifestyle, and more.

Now, you might ask, what exactly is “unrealistic optimism?” It's not just hoping for the best. It’s a belief so firm in good outcomes that it can skew your judgment. To gauge this, participants were asked about their financial predictions for the year ahead and how they compared to the past year. The results? Expectations often clash with reality.

Linking this optimism to well-being, the researchers found a curious pattern. Realists with grounded expectations reported better psychological health than extreme optimists or pessimists. Pessimists showed 37.2% more psychological distress compared to realists, and even optimists weren't spared, showing an 11.8% increase.

And there's more - life satisfaction took a hit for both overly positive and negative thinkers. While pessimists experienced a 21.8% drop in well-being, the ever-hopeful optimists saw a 13.5% dip compared to their realistic counterparts.

But why is this so? Perhaps the eternal optimists face recurring disappointment when dreams don't match reality. Although shielded from such letdowns, pessimists might live in constant worry. Moreover, plans grounded in misjudged beliefs might backfire. For instance, an overconfident investor might not save enough, while a negative one could miss out on golden opportunities.

But does this hold true beyond finances? That's still up for debate. Financial outcomes often feel controllable and can lure us into false optimism. Would we feel the same about uncontrollable factors like genetic health risks? Time will tell.

Yet, it's essential to clarify that optimism isn’t inherently harmful. In fact, many studies champion its benefits. But there's a line between healthy hopefulness and blinding overconfidence.

This study is refreshing for those who've always preferred a realistic outlook. While society often heralds positive thinking, championed by self-help maestros and viral books, it's reassuring to know that realism has its own brand of joy. So, the next time someone tells you to always expect the best, remember: a touch of reality might be your ticket to well-being.

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Ray Williams

9-Time Published Author / Retired Executive Coach / Helping Others Live Better Lives

1 年

Thanks for your comment Otto. Good alternative image

Otto Gretzinger CPA, CGMA

Chief Financial Officer | CFO | Global Finance | Qualified Financial Expert | Public | Private Equity | Manufacturing | Automotive | Transportation | Business Transformation | M&A | Acquisition Integrations | Big 4 | CPA

1 年

Great thoughts, Ray. The Stockdale Paradox. right? How about this perspective in the picture as another alternative?

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