Optimists make poor business decisions? This is what the study reveals
Optimistic thinking is leading people to set up businesses that have no realistic prospect of financial success, according to a study which has found that pessimists are less likely to proceed with unpromising entrepreneurial ventures.
The research from the University of Bath, explores the financial consequences of becoming an entrepreneur for optimists people with tendency to overestimate their chances of doing well and underestimate their probability of failure. Image Source: Reuters