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What Is the Planning Fallacy and How To Beat It Down (9 Useful Tips)
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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SIMILAR ARTICLES & IDEAS:
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Key Ideas
Economists used to believe that people will always choose the option that maximizes their well-being. But people act against their rational self-interest all the time.
We p...
This bias addresses why we do unimportant tasks we think are time-sensitive over tasks that are not time-sensitive, even if the non-time-sensitive tasks provide greater rewards.
How to overcome this bias:
This effect describes our tendency to remember incomplete or interrupted tasks better than completed tasks. Each unfinished task takes up some of your attention, splitting your focus. It also interferes with your sleep.
What you can do about it:
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Key Ideas
We usually give priority to unimportant tasks when there is a sense of urgency around them.
We’re actually psychologically wired to put aside important tasks in favor of ta...
A few explanations as to why it’s so hard to reject urgent tasks:
The problem is that we’re continually bombarded with urgent work: emails, meetings, calls, and instead of being in control of our time and attention, we respond and act on someone else’s priorities.
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Key Ideas
Work is never finished, and we are unable to disconnect from it, causing us to experience productivity shame, impacting our happiness and creativity.
The modern working pro...
Our brain starts to favour small tasks that give a false impression of productivity (woohoo! I just sent out fifty emails!) while we neglect the large, complex but meaningful tasks.
This is known as the completion bias.