Planning Fallacy - Deepstash
How To Break Bad Habits

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Understanding the psychological rewards of bad habits

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How To Break Bad Habits

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Planning Fallacy

The farther away a deadline, the more unrealistic and abstracted our planning becomes. The closer a deadline, the more focussed and productive we become.

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Procrastination Paradox

The more time we are given to complete a task, the longer we will take to do it. 

This is similar to Parkinson’s Law, which states that “work expands so as to fill the time available for its completion.” 

We often procrastinate if we do not set deadlines, especially if t...

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Urgency Bias

When we are facing multiple deadlines, we often tend to focus on the tasks in front of us rather than the ones that seem far off, regardless of how important they might be. 

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Self-Imposed Vs External

Self-Imposed Vs External

study on procrastination and deadlines found that some people may be able to set their own deadlines and stick to them, but when deadlines are set externally, we are often better at keeping them.

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Communicate consequences and payoffs

Mention the impact and positive results of completing the assignment. Employees will have more meaning and purpose to overcome procrastination.

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Prioritize deadlines

 ... based on importance, not time. 

Prioritize your projects based on importance first, and your employees will use Parkinson’s Law and urgency bias to their best advantage. 

If a project has low importance, set it a bit farther out.

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Cultivate trust

Employees will be more motivated into staying on top of deadlines if managers set a good example by being consistent, supportive and trustworthy.  

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maddoxe

"The key is in not spending time, but in investing it." - Covey

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Planning Work

Planning work is time spent on listing, prioritizing and scheduling your work. 

Planning helps us become efficient in our execution. Thus, allocating special time for planning work is crucial. Proactive planning can be exceptionally productive and beneficial in the long run.

The Planning Fallacy

The Planning Fallacy

We all have busy schedules, but we are incorrectly planning our day around the time we have, not around priorities.

Our estimates on how long certain tasks will take are almost always not realistic.

Future Time: Planning Fallacy

We show optimism towards future time, when we are in a delusion of ‘planning fallacy’, believing we have more time in the future. Our current mindset is a forecast on how we would be doing in the coming days, and if we are busy, stressed out and confused now, that’s how the next few days will loo...

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