1. Summary on Planning Fallacy
In this case, you tell yourself, "Oh that book doesn't seem so bad, I can finish reading it within a week and have the analysis written that same weekend; no problem!"" ... The planning fallacy is "the tendency to overestimate how much we will be getting done and therefore how much free time we will have"" (Myers, 2013). ... What we are unaware of, and in return what causes us to make this planning error multiple times, is the fact that we are overly optimistic about our own abilities to complete a task. In a 2011 article in The New York Times, David Brooks talks about this error by writi...
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