👉 In economics and psychology, "overoptimism" or "overpessimism" refers to a situation where individuals believe that things will turn out well in the future. This belief can be based on past experiences, general expectations, or personal biases. Overoptimism is often associated with optimistic predictions about economic growth or technological advancements, while overpessimism involves pessimistic beliefs about the likelihood of economic downturns or failures. It can also relate to a lack of confidence in current market conditions or
