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Human Behaviour: The Planning Fallacy
We are bad at estimating the time it will take to accomplish a task, as we don’t take into account our distractions, procrastination, emergencies or delays.
To counter the planning fallacy, we need to assign blocks of time which are called ‘slacks’ by behavioural scientists that act as buffer time between the scheduled tasks. Several hours of slack time added will ensure that the work is done even if it spills over the scheduled time.
184
706 reads
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The Myth Of Work-Life Balance
We are too flawed to manage our own schedule, predictably irrational and consistently bad at making good decisions.
There are three reasons why we behave this way:
- Present Bias
- The Planning Fallacy
- So...
165
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Human Behaviour: Social Norms
The modern workplace has an old and obsolete indicator that is still followed: time-based work measurement. Longer hours still means better work and more dedication.
Work From Home has introduced flexi-hours for many of us, and people are working close to 14 hours a day over the laptop or...
140
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Human Behaviour: Present Bias
We are biased towards the present moment, even though we don’t like being in the present. We will prefer 100 dollars right now than 200 dollars after a year. In our work environment, present work (like a phone call) seems urgent, even though it may not be important.
To esc...
168
786 reads
Flexi-Work: Knowing When To Stop Working
With a flexible schedule, there is always more to do and nothing to signal that you’re done, because of a lack of visual cues. Sending an email at ungodly hours only adds to the cognitive load of the recipients.
For a potential solution, perhaps a good place to start is cr...
155
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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:
- Work in a buffer into you...
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...
The planning fallacy
The term 'planning fallacy' was coined in 1977 and deals with how most of us are terrible at estimating how long a project will take. We are overly optimistic but terrible at predicting the future. If the project has a budget, we may underestimate that expense to...
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