[Ailist] ScienceDaily: When Positive Thinking Leads To Financial Irresponsibility Like Compulsive Gambling

[stephanie at allen-nichols.com]

Stephanie (stephanie at allen-nichols.com) has sent you a link to the following page on ScienceDaily:

When Positive Thinking Leads To Financial Irresponsibility Like Compulsive Gambling
http://www.sciencedaily.com/releases/2008/04/080421111630.htm

Looking on the bright side can lead to irresponsible financial behavior, reveals a new article. In a series of studies, scientists examine repeat gambling in the face of loss. They find that people often engage in too much positive thinking, selectively focusing on one win among hundreds of losses when they think back on the overall experience.

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