<P> Rosy retrospection refers to the psychological phenomenon of people sometimes judging the past disproportionately more positively than they judge the present . The Romans occasionally referred to this phenomenon with the Latin phrase "memoria praeteritorum bonorum", which translates into English roughly as "the past is always well remembered". Rosy retrospection is very closely related to the concept of nostalgia . The difference between the terms is that rosy retrospection is a cognitive bias, whereas the broader phenomenon of nostalgia is not necessarily based on a biased perspective . </P> <P> Although rosy retrospection is a cognitive bias, and distorts a person's view of reality to some extent, some people theorize that it may in part serve a useful purpose in increasing self - esteem and a person's overall sense of well - being . For example, Terence Mitchell and Leigh Thompson mention this possibility in a chapter entitled "A Theory of Temporal Adjustments of the Evaluation of Events" in a book of collected research reports from various authors entitled "Advances in Managerial Cognition and Organizational Information Processing". </P>

Looking at the past through rose colored glasses