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.
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The planning fallacy
The planning fallacy is the likelihood to underestimate the time it will take to finish a future task despite knowing that similar projects have taken longer in the past. For example, writers underestimate how long it will take to complete a novel; product managers miscalcula...
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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...
The planning fallacy
Is our tendency to underestimate the amount of time it will take to complete a task. Estimation mistakes can usually be attributed to 2 key factors:
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