planning fallacy

GPTKB entity

Statements (18)
Predicate Object
gptkbp:instanceOf cognitive bias
gptkbp:defines The tendency to underestimate the time, costs, and risks of future actions and overestimate the benefits.
gptkbp:describedBy gptkb:Amos_Tversky
gptkb:Daniel_Kahneman
gptkbp:effect cost overruns
project delays
missed deadlines
gptkbp:example underestimating time to complete a project
gptkbp:firstDescribed 1977
https://www.w3.org/2000/01/rdf-schema#label planning fallacy
gptkbp:opposedBy gptkb:reference_class_forecasting
gptkbp:publishedIn gptkb:Psychological_Review
gptkbp:relatedTo overconfidence effect
optimism bias
gptkbp:studiedIn behavioral economics
psychology
gptkbp:bfsParent gptkb:Hofstadter's_Law
gptkbp:bfsLayer 6