deepstash
Beta
What Is the Planning Fallacy and How To Beat It Down (9 Useful Tips)
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.
172 SAVES
912 READS
SIMILAR ARTICLES & IDEAS:
8
Key Ideas
We All Tend To Make The Same Mental Mistakes
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...
The Mere Urgency Effect
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:
- Use the Eisenhower Matrix. It will reveal the urgent/not urgent and important/not important tasks.
- Block off on your calendar the most productive 2-4 hours each day for your most important work.
- Only answer emails at specific times. Don't allow email to bleed into other time.
- Give your important tasks a deadline and find a way to commit to it.
The Zeigarnik Effect
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:
- Write your tasks down as soon as they come to you.
- Have a system in place for organizing and regularly reviewing your tasks.
- Have an end of work shutdown ritual, so your unfinished tasks don't stay in your mind after-hours.
- Take a small step to help you get started. The act of starting can help you keep going to the end.
- Don't forget to review your completed tasks and celebrate what you've already accomplished.
6
Key Ideas
The urgency bias
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...
Why it’s hard to ignore urgent tasks
A few explanations as to why it’s so hard to reject urgent tasks:
- The completion bias. Our brains crave the reward we get from checking off small to-dos from our list.
- Tunnel vision: When we get overwhelmed by the things we have to do, we choose to act on those most available to us; these are usually emails, calls, meetings, and other low-friction tasks.
Urgency puts us into reactive mode
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.
9
Key Ideas
Productivity Shame
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...
The Busyness Paradox: Addicted To Being Busy
- Personal productivity is not about all-round efficiency, and it is wrong to think about your input as that of a machine in a factory unit.
- This is further complicated by our mistaken assumption that being in demand means that we are doing a splendid job.
- We blur our all boundaries between our work and personal life and every minute of the day is to be kept busy as we rush to attend every meeting, cross out every task from the to-do list or to answer every email that we get.
Completion Bias
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.