What Is the Planning Fallacy and How To Beat It Down (9 Useful Tips)
The workplace is a competitive zone, and enthusiastic workers take an unfair lead even though their plans are unrealistic and overly optimistic.
You don’t need to succumb to the pressure, once you understand how the planning fallacy works. The outcome will provide clarity to all.
SIMILAR ARTICLES & 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.
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:
Time management is about taking control of the time you do have available and using it optimally for productivity while creating balance.
Much advice about time management is about creating a to-do list, reminding you what you want to do. However, it's more important to use a schedule, which tells you when you're going to do it.
To build a better time management system, you need to know what you currently spend your time on. You need to know where you're losing time to the wrong things.
To track your time, spend a few days writing a "time log" to track how you spend your day.
“We act as though comfort and luxury were the chief requirements of life, when all that we need to make us happy ..."