When working in groups, the planning fallacy can occur due to many factors such as overconfidence.
Overconfidence is often rewarded in society and can make individuals feel better about themselves.
Whether it’s a giant infrastructure plan or a humble kitchen renovation, it’ll inevitably take way too long and cost way too much. That’s because you suffer from “the planning fallacy.” (You also have an “optimism bias” and a bad case of overconfidence.) But don’t worry: we’ve got the solution.
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