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You have a friend that has run up a pretty large balance on his credit card. He mentions to you that he has missed a few payments but doesn't think it is that big of a deal since all it cost him is a little more interest on his balance. You tell him it may end up costing him a lot more that. He presses you for an explanation. Explain to him how his handling of this debt can impact what he pays for future debt.
Optimistic Explanatory Style
The tendency to attribute positive events to personal, permanent causes, and negative events to external, temporary ones, expecting good outcomes.
Pessimistic Explanatory Style
A tendency to explain negative events as having personal, permanent, and pervasive causes.
Type B Personality
A personality type characterized by a less competitive, more relaxed, and less stress-prone behavior pattern compared to Type A personality.
Power Motive
The inherent drive to influence or control others and to achieve a position of authority.
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