Pessimists make good business decisions

 SMTV Desk 2018-10-08 13:26:21  
Pessimists make good business decisions

London,october 9: Positive or optimistic thinking is leading people to set up businesses that have no chances of financial success, according to a study which has found that pessimists are more likely to have promising entrepreneurial ventures.

The research from the University of Bath, the London School of Economics and Political Science, and Cardiff University in the UK, explores the financial consequences of becoming an entrepreneur for optimists -- people with a tendency to overestimate their chances of doing well and underestimate their probability of failure.

For the individuals who are paid employee and later they opt for business venture, the research found that business owners with above average optimism earned some 30 per cent less than those with below average optimism.

Many of the optimists would have been well advised to remain an employee, according to the study published in Europe.