
Why Your Projects Are Always Late — and What to Do About It (Ep. 323 Replay)
Freakonomics Radio
00:00
Expectations Often Exceed Reality
Research reveals a significant discrepancy between predicted and actual completion times for tasks, exemplified by students who estimated their thesis submission in 33.9 days but took an average of 55.5 days, representing a 64% overage. This pattern is consistent across various professions and everyday activities, illustrating the planning fallacy—where intentions do not align with actual behavior. The insight suggests that our cognitive processes produce optimistic timelines based on a narrow focus on individual cases, leading to a lack of consideration for broader influences and complexities that may extend completion times.
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