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 look.
We need to be deliberate with our free time, if we want to be really fulfilled and time-affluent.
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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.
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...
Counteract the Planning Fallacy
When you start to schedule your tasks, you may be too optimistic about how much you can get done. You may take on too much work or get stressed when tasks take longer than you expected.
To counteract the Planning Fallacy:
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