I am a "winter" colour type - dark hair (well, it used to be), brown eyes, pale skin. So I feel better in striking, dark colours.
Olives, Turquoise, Puce, Black, of course, Red, Emerald (but no other shade of green). I wear browns and olives mainly at this time of year, with jeans, usually, but I feel more feminine in pink, which I like and have plenty of, pastels and shockers - anything that doesn't veer too far into orange (e.g. salmon).
I think colour does have an effect on you. The idea of a whole school of children in sunshine yellow jumpers sounds really cheering.
My mother always put me in yellow as a little girl and to this day she says it suits me, but I feel most uncomfortable in any version of yellow.