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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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Understanding the Planning Fallacy

This chapter examines the planning fallacy, a cognitive bias that leads individuals and teams to underestimate task completion times. It discusses the impact of overconfidence and coordination challenges, particularly in larger teams, on project delays. Additionally, insights from experiences at major tech companies reveal the struggles in collaboration and the development of effective project management tools.

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