Freakonomics Radio cover image

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

Freakonomics Radio

00:00

Balance Perspectives: Avoid the Trap of Idealized Planning

Effective decision-making requires distinguishing between two types of thinking: the inside approach, which focuses narrowly on specific cases and often leads to oversimplified mental scenarios, and the outside approach, which embraces broader considerations and alternative outcomes. The inside approach can result in a limited view, as it tends to neglect potential complications and variations in project outcomes. Additionally, planning is usually influenced by optimism bias, where individuals naturally anticipate success rather than failure. While this bias can be beneficial, fostering a positive outlook, it is essential to balance it with realistic assessments to enhance the planning process and decision-making.

Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner