“…Third, manipulations of event characteristics, such as to the perceived frequency, desirability, or controllability of an event, produce predictable changes in comparative optimism and pessimism (e.g., Chambers et al., 2003; Gold, 2007; Kruger & Burrus, 2004; see also Kruger, 1999; Reber, Meier, Ruch‐Monachon, & Tiberini, 2006). Although such manipulations should have no overall effect on people's comparative risk estimates because they affect the self and comparison group's chances exactly the same, they do, evidently because people give too little consideration to how the comparison group's chances are affected and too much to how their own are affected.…”