Asymmetrical Update of Beliefs About Future Outcomes is Driven by Outcome Valence and Social Group Membership

People are eager to update their beliefs, such as a perceived risk, if they receive information that is better than expected but are reluctant to do so when the evidence is unfavourable. When estimating the likelihood of future outcomes, this phenomenon of asymmetrical belief update helps generate and maintain personal optimism bias. In this study, we investigated whether asymmetrical belief update also extends to estimating the future of other individuals. Specifically, we prompted respondents to assess the perceived likelihood of three social targets experiencing future positive and negative events: An in-group, a mild out-group, and an extreme out-group. We then provided the respondents with feedback about the base rates of those events in the general population and prompted them to re-assess their initial estimates for all social targets. Respondents expected more positive than negative outcomes for the in-group and the mild out-group, but more negative outcomes for the extreme out-group. We also found an asymmetrical update of beliefs contingent on the valence of the future event and the social target. For negative outcomes, respondents updated more following good news than bad news, particularly for the mild out-group. For positive outcomes, respondents equally updated their beliefs following good news and bad news for the in-group and the mild out-group. However, they updated their beliefs significantly more following bad news than good news for the extreme out-group member. Our data thus reveal the strong influence of social stereotypes on future expectancies for others.