Good News! Capitalizing on Positive Events in an Interpersonal Context

Good things happen. In fact, positive events occur more often than negative events. In this chapter, we review research showing that people often turn to others to share their good news, a process called capitalization. These studies show that both the act of telling others about good events and the response of the person with whom the event was shared have personal and interpersonal consequences. We outline a theoretical foundation and propose a model of capitalization processes that includes mechanisms linking the act of telling others and their response to personal and interpersonal outcomes. This research has shown that when the close other responds in an active and constructive manner (and not in a passive or destructive manner), both the discloser and the relationship between the discloser and the responder profit. Personal benefits linked to capitalization processes include increased positive emotions, subjective well-being, and self-esteem, and decreased loneliness. Relationship benefits associated with capitalization processes include satisfaction, intimacy, commitment, trust, liking, closeness, and stability. We also review evidence for mechanisms involved in capitalization processes. Throughout this chapter, we discuss capitalization processes in the larger context of how people “cope” during good times and the value of having supportive partners in this process. Although research has consistently emphasized coping with negative events, our work suggests that positive events similarly provide both opportunities and challenges.