Justifying Optimism

In this book, Tali Sharot delves into the psychological and neuroscientific aspects of optimism, explaining how it is hardwired into our brains and essential for human survival. She discusses how optimism affects our perceptions, decisions, and well-being, including its role in financial, professional, and emotional choices. The book also examines the differences between the brains of optimists and pessimists and how emotions influence our ability to recall and anticipate events. Sharot presents a balanced view, highlighting both the adaptive and destructive aspects of the optimism bias.

In this book, William J. Bernstein argues that the key to prosperity lies in a 'prosperity formula' consisting of four essential components: property rights, scientific rationalism, capital markets, and efficient transportation and communication. The book explores the historical development and application of these factors across various regions and examines their impact on economic growth and prosperity.