Older people who overestimate their health go to the doctor less often. This can have serious consequences for their health, for example, when illnesses are detected too late. By contrast, people who think they are sicker than they actually are visit the doctor more often. This is what a new study by Sonja Spitzer from the Institute for Demography at the University of Vienna and Mujaheed Shaikh from the Hertie School in Berlin found based on data from over 80,000 Europeans aged 50 and older. The results were published in The Journal of the Economics of Aging.
Our confidence affects our behavior. People who overestimate their abilities earn more, invest their money differently, and are more likely to be leaders. But they also act riskier, have more accidents, and live less healthy by drinking more alcohol, eating less healthily, and sleeping too little.