Our Brains Make Us Way Too Optimistic About Meeting Deadlines - Deepstash

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TIME

Our Brains Make Us Way Too Optimistic About Meeting Deadlines

Our Brains Make Us Way Too Optimistic About Meeting Deadlines

time.com

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The planning fallacy

The term 'planning fallacy' was coined in 1977 and deals with how most of us are terrible at estimating how long a project will take. We are overly optimistic but terrible at predicting the future. If the project has a budget, we may underestimate that expense to...

We are prone to choosing the most optimistic timetable to complete a project while doubting other information that could change our predictions. Even if we are given evidence of how we've been wrong in the past, we believe that our current forecasts are optimistic.

The problem with our pred...

Ignore what you want to be true. Instead, use past experience to build a schedule.

In an experiment, two groups of students had to complete a one-hour computer tutorial. The students had to predict when they would finish the assignment. One group of students were promp...

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