The Planning Fallacy - Deepstash
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 deadlines.

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The older I get, the more I realize what really matters in life.

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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 often underestimate time and effort required to complete a task. That’s why we miss deadlines, exceed our budget, or run out of energy before we finish.

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