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11/01/2012 by Sean Brady

The planning fallacy and optimism bias

Are you considering a major building project? An addition to your home? An information technology overhaul for your business? If so, be acutely aware of the planning fallacy — and try to avoid its pitfalls. Optimism bias may well be the most significant of all cognitive biases. Read on at https://prismdecision.com/the-planning-fallacy-and-optimism-bias

Filed Under: Biases & Fallacies Tagged With: assumptions, biases, decision criteria, decision-making, fallacies

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