The Planning Fallacy: Getting Things Done

By DecisionSkills on youtube.com

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In this step you'll learn about the Planning Fallacy and how it impacts individual and organizational judgments. The Planning Fallacy is the tendency to underestimate the time and resources needed to achieve goals. This cognitive bias was originally discovered by psychologists Daniel Kahneman and Amos Tversky in 1979. To combat the Planning Fallacy, researchers suggest anchoring future predictions based on objective past performance and intentionally considering potential setbacks."