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What Is the Planning Fallacy? What Survey Project Managers Should Know
Introduction Planning is an essential aspect of our daily lives, but it’s not always accurate. People often underestimate how much time, effort, and resources a task will require, leading to missed deadlines and unfulfilled expectations. This tendency to underestimate is known as the planning fallacy. In this article, we will explore the planning fallacy and…
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Overconfidence Bias: Meaning, Impact and How To Overcome It
Introduction Overconfidence bias is a tendency to have a wrong assessment of one’s abilities, skills, intellect, and talent. It is a dangerous and false belief of an individual’s value or ability always to make the right decisions. It is expressed in various aspects of human interactions and the outcome can be dangerous. In this guide,…