The Planning Fallacy
Think about the last task you completed. Did it take you around the time you’d estimated? Probably not.
Our perceptions of our available time, our abilities, and any roadblocks we may hit are greatly skewed. This is a phenomenon called the planning fallacy and it happens to professionals at all levels and in every occupation. What can we do along the way to keep us on target and help us meet our goals?
49
516 reads
CURATED FROM
IDEAS CURATED BY
The idea is part of this collection:
Learn more about career with this collection
How to set achievable goals
How to manage time for personal and professional life
How to avoid distractions
Related collections
Similar ideas to The Planning Fallacy
The Planning Fallacy
The Planning Fallacy is a prediction error that one repeatedly makes, misestimating the time it takes to complete a certain task.
This usually happens when trying to complete an unpleasant or stressful task, leading to postponement, procrastination and eventually missed de...
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...
Human Behaviour: The Planning Fallacy
We are bad at estimating the time it will take to accomplish a task, as we don’t take into account our distractions, procrastination, emergencies or delays.
To counter the planning fallacy, we need to assign blocks of time which are called ‘slacks’ by behavioural scientis...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates