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How to set achievable goals
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Optimism Bias
Research shows that we often underestimate the time and obstacles involved in completing a task even when it directly contradicts our past experiences.
This can be explained by our optimism bias — our natural tendency to believe that the future will somehow be better than the past.
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Overcome the Planning Fallacy
- The next time you find yourself struggling to estimate, ask: How much time and effort have similar tasks required in the past?
- Schedule buffer time: Keep in mind that there will always be factors outside of your control, and moreover, you may very...
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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...
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Optimism bias
One possible reason for the "optimism bias" is found in the way we learn new information. People are quicker to change their beliefs when the information is better than expected, compared to information that is worse than expected.
- If people were told that lockdown would be eased ...
Optimism Bias
Too much optimism prevents us from accurately predicting and understanding the pain and struggle that is inevitable in the future.
What it does is it reduces our stress and anxiety and provides a ‘playground’ where we can imagine alternative realities which we nee...
The many faces of the memory bias
- Rosy retrospection bias. We often remember the past as having been better than it really was.
- Consistency bias. We wrongly remember our past attitudes and behaviour as similar to our present attitudes and behaviour.
- Mood-congruent ...
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