Planning Fallacy is a cognitive bias characterized by underestimating the time, costs, and risks of future actions.
Example: A software project estimated to take 3 months actually takes 9 months.
Planning Fallacy
·30 words·1 min·
Planning Fallacy is a cognitive bias characterized by underestimating the time, costs, and risks of future actions.
Example: A software project estimated to take 3 months actually takes 9 months.
