Ja. Shepperd et al., ABANDONING UNREALISTIC OPTIMISM - PERFORMANCE ESTIMATES AND THE TEMPORAL PROXIMITY OF SELF-RELEVANT FEEDBACK, Journal of personality and social psychology, 70(4), 1996, pp. 844-855
Although evidence for unrealistic optimism is considerable, there is r
eason to believe that individuals will abandon their optimism and may
even become pessimistic in anticipation of self-relevant feedback. The
authors propose and provide preliminary test of a model of the tempor
al transition from optimism to accuracy to pessimism in outcome predic
tions. In Study 1, college sophomores, juniors, and seniors estimated
their likely salary at their first full-time job after graduation. Onl
y seniors became less optimistic as graduation approached. In Study 2,
students estimated their exam score a month before the exam, then aga
in several times after completing the exam yet prior to receiving feed
back. As the proximity of feedback neared, students abandoned their op
timistic forecast in favor of a pessimistic forecast. Study 3 showed t
hat, in anticipation of self-relevant feedback, participants with low
self-esteem lowered their performance estimates more readily than did
those with high self-esteem.