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211. Essentialism and Transitions
The Greg McKeown Podcast
The Planning Fallacy: Underestimating Time for Tasks
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- The planning fallacy refers to our tendency to underestimate the time span of tasks
- The planning fallacy was first described by Kahneman in 1979
- A study found that students underestimated the time required to complete their senior thesis
- The actual average time to complete the senior thesis was 55 days
- Only 30% of students met their initial time estimates
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