Valence Effect
Version 1.0.0 · Updated 2026-07-30
CORE DEFINITION
Refers to the tendency of people to overestimate the probability of good events (optimism) and underestimate the probability of bad events. Alternatively, if an outcome is pleasant (positive valence), people are more likely to believe it is true.
SCAFFOLDING EFFECT
Reduce cognitive load
Calibrate predictive models. It explains why projects are always delayed (underestimating difficulties). When planning, one must artificially add weight to 'bad outcomes' and discount 'good outcomes' to counteract this instinctive bias.
Anchor fast decisions
Valence refers to the emotional positive or negative attribute of a stimulus; the valence effect refers to people's asymmetric responses to positive and negative valence information in attention, memory, and judgment. Negative valence often receives higher weight (related to negativity bias).
MINIMUM ACTION
In progress 0/1Practice this model in one real situation:
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Source support: Explicit
- en.wikipedia.orghttps://en.wikipedia.org/wiki/Optimism_biasverified
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