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Why Your Projects Are Always Late — and What to Do About It (Ep. 323 Replay)

Freakonomics Radio

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Navigating the Planning Fallacy

This chapter addresses the common issue of underestimating task completion time in project management, known as the planning fallacy. Through personal anecdotes and psychological insights, it reveals how cognitive biases, including optimism bias, affect planning and risk assessment. The discussion highlights the balance between motivational optimism and realistic expectations, emphasizing its implications for successful project outcomes.

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