People are often egocentric when judging their likelihood of success in competitions, leading to overoptimism about winning when circumstances are generally easy and to overpessimism when the circumstances are difficult. Yet, egocentrism might be grounded in a rational tendency to favor highly reliable information (about the self) more so than less reliable information (about others). A general theory of probability called extended support theory was used to conceptualize and assess the role of egocentrism and its consequences for the accuracy of people's optimism in 3 competitions (Studies 1-3,respectively). Also, instructions were manipulated to test whether people who were urged to avoid egocentrism would show improved or worsened accuracy in their likelihood judgments. Egocentrism was found to have a potentially helpful effect on one form of accuracy, but people generally showed too much egocentrism. Debias instructions improved one form of accuracy but had no impact on another. The advantages of using the EST framework for studying optimism and other types of judgments (e.g., comparative ability judgments) are discussed.Paul D. Windschitl, Jason P. Rose, Michael T. Stalkfleet, and Andrew R. Smith (2008) People are often egocentric when judging their likelihood of success in competitions, leading to overoptimism about winning when circumstances are generally easy and to overpessimism when the circumstances are difficult. Yet, egocentrism might be grounded in a rational tendency to favor highly reliable information (about the self) more so than less reliable information (about others). A general theory of probability called extended support theory was used to conceptualize and assess the role of egocentrism and its consequences for the accuracy of people's optimism in 3 competitions (Studies 1-3, respectively). Also, instructions were manipulated to test whether people who were urged to avoid egocentrism would show improved or worsened accuracy in their likelihood judgments. Egocentrism was found to have a potentially helpful effect on one form of accuracy, but people generally showed too much egocentrism. Debias instructions improved one form of accuracy but had no impact on another. The advantages of using the EST framework for studying optimism and other types of judgments (e.g., comparative ability judgments) are discussed.Keywords: egocentrism, optimism, likelihood judgment, comparative judgment, shared-circumstance effectBeing able to judge-with some degree of accuracy-how your skills stack up against your peers or how good your chances are of winning in a competitive context is critical. If you underestimate your relative skills and develop an overly pessimistic outlook, you may forego wonderful opportunities because of a fear of failure, or you may waste time and resources overpreparing for competitive tasks for which you are already adequately prepared. If you overestimate your skill and develop rosy expectations for success, you may pick unwise challenges or may fail to adequately prepare ...