In 1977, two psychologists, Daniel Kahneman and Amos Tversky, conducted a study to prove how easy it can be to underestimate how much time it will take to accomplish a task. They called it the “planning fallacy.” In this study, they found that humans have a tendency to disregard historical data when it comes to making predictions. Even though we may have done the same project before and it took us a certain amount of time, we think it will take us less time the next time we do it. In fact, we think it will take us half the time it will actually take.
A few years later, a woman was writing an article about this planning fallacy, and she discovered that she too was guilty of it. She...
THIS CONTENT IS AVAILABLE WITH A SUBSCRIPTION
Access all Mass readings, Order of Mass, daily meditations and articles, as well as special resources, by becoming a subscriber. View subscription options.
Special Offer: Two week free web-only trial subscription. Sign up now.
Existing Print & Web-Only Subscribers: Login for full access.