Geek Culture
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Geek Culture

How the Planning Fallacy Trips You Up

The planning fallacy is a cognitive bias that arises from producing plans that are unrealistically close to best-case scenarios instead of likely ones. We all do this. But why?

The planning fallacy (source: Wikimedia)

Planning fallacy = Underestimated (cost, time, risk) + overestimated…




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Bent Flyvbjerg

Bent Flyvbjerg

Professor at University of Oxford and IT University of Copenhagen. Writes about project management.

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