Every expectation is a product of the mind. Some are based on experience, some on calculation, and others are purely wishful thinking. Knowing the difference is essential if you want your expectations to be realistic.
We all have expectations, but understanding where the floor and the ceiling should be is vital.
Minimum expectations (the floor) matter because we should all expect certain things of ourselves and others, and because they guide where to invest our time, effort, and resources.
Setting a ceiling for our expectations is equally important because expecting more than can be delivered is dangerous.