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The Role of Positive Expectations for Resilience to Adverse Events: Subjective Well-Being Before, During and After the Greek Bailout Referendum.

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Title: The Role of Positive Expectations for Resilience to Adverse Events: Subjective Well-Being Before, During and After the Greek Bailout Referendum.
Authors: Arampatzi, Efstratia (AUTHOR), Burger, Martijn (AUTHOR), Stavropoulos, Spyridon (AUTHOR), Tay, Louis (AUTHOR)
Source: Journal of Happiness Studies. Mar2020, Vol. 21 Issue 3, p965-995. 31p. 1 Diagram, 13 Charts, 2 Graphs.
Subjects: Adverse health care events, Referendum, Financial bailouts, Well-being, Panel analysis
Abstract: Can positive expectations help foster resiliency against adversity? In this study, we used high-frequency panel data, to examine how positive as compared to neutral and negative expectations can buffer the negative impact on subjective well-being generated by an adverse event, the announcement of the Greek bailout referendum in July 2015. Results show that individuals with more positive expectations for the future before the referendum announcement experienced smaller decreases in subjective well-being and adapted quicker to this adverse event. In addition, we found evidence that individuals who shifted from positive to negative expectations before and during the adverse event, respectively, had significantly lower subjective well-being than individuals who had consistent positive expectations. This finding supports the view that optimism, or consistent positive expectations, and even positive mindsets, as indicated by lacks of shifts to negativity, can be a source of resilience that helps individuals cope and adapt quicker to adverse events. [ABSTRACT FROM AUTHOR]
Copyright of Journal of Happiness Studies is the property of Springer Nature and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
Database: Psychology and Behavioral Sciences Collection
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  Data: The Role of Positive Expectations for Resilience to Adverse Events: Subjective Well-Being Before, During and After the Greek Bailout Referendum.
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  Data: <searchLink fieldCode="AR" term="%22Arampatzi%2C+Efstratia%22">Arampatzi, Efstratia</searchLink> (AUTHOR)<br /><searchLink fieldCode="AR" term="%22Burger%2C+Martijn%22">Burger, Martijn</searchLink> (AUTHOR)<br /><searchLink fieldCode="AR" term="%22Stavropoulos%2C+Spyridon%22">Stavropoulos, Spyridon</searchLink> (AUTHOR)<br /><searchLink fieldCode="AR" term="%22Tay%2C+Louis%22">Tay, Louis</searchLink> (AUTHOR)
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  Data: <searchLink fieldCode="JN" term="%22Journal+of+Happiness+Studies%22">Journal of Happiness Studies</searchLink>. Mar2020, Vol. 21 Issue 3, p965-995. 31p. 1 Diagram, 13 Charts, 2 Graphs.
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  Data: <searchLink fieldCode="DE" term="%22Adverse+health+care+events%22">Adverse health care events</searchLink><br /><searchLink fieldCode="DE" term="%22Referendum%22">Referendum</searchLink><br /><searchLink fieldCode="DE" term="%22Financial+bailouts%22">Financial bailouts</searchLink><br /><searchLink fieldCode="DE" term="%22Well-being%22">Well-being</searchLink><br /><searchLink fieldCode="DE" term="%22Panel+analysis%22">Panel analysis</searchLink>
– Name: Abstract
  Label: Abstract
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  Data: Can positive expectations help foster resiliency against adversity? In this study, we used high-frequency panel data, to examine how positive as compared to neutral and negative expectations can buffer the negative impact on subjective well-being generated by an adverse event, the announcement of the Greek bailout referendum in July 2015. Results show that individuals with more positive expectations for the future before the referendum announcement experienced smaller decreases in subjective well-being and adapted quicker to this adverse event. In addition, we found evidence that individuals who shifted from positive to negative expectations before and during the adverse event, respectively, had significantly lower subjective well-being than individuals who had consistent positive expectations. This finding supports the view that optimism, or consistent positive expectations, and even positive mindsets, as indicated by lacks of shifts to negativity, can be a source of resilience that helps individuals cope and adapt quicker to adverse events. [ABSTRACT FROM AUTHOR]
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  Data: <i>Copyright of Journal of Happiness Studies is the property of Springer Nature and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.)
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      – SubjectFull: Financial bailouts
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