Ever caught yourself thinking, “I thought I had enough time for this!” or, “Why am I always running late on my plans?” It’s like a never-ending loop of setting goals, missing the mark, then scratching your head in wonder.
The evidence shows that the so-called ‘planning fallacy’ is a common hiccup. It is evident in educational institutions where both educators and learners stumble over it. If you dive into the world of technology, a mere one-third of projects will be completed on schedule. Industrial design, however, takes a staggering 3.5 times as long as expected. And let’s not even talk about writers – almost 90% of them are fashionably late with their manuscripts.
So, here’s the deal: If you’re serious about upping your planning game, it’s time to steer clear of the planning fallacy. Let’s figure out how.
Planning Fallacy: A Planned Failure
Amos Tversky and Daniel Kahneman, two giants of psychology and behavioral economy, gave us an alert about a sneaky mental trap:
In a paper from 1979, The point was made that humans are strange creatures. We often rely on our gut feeling when predicting the future instead of being logical or analytical.
What is the catch? Our guts aren’t always right. The mistakes…