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Individuals Exhibit the Planning Fallacy for Time But Not for Money
SSRN Electronic Journal, 2010People underestimate how long it takes to complete various projects. Researchers have proposed that this planning fallacy extends to underestimation of money expenditures as well, though empirical work has focused on the planning fallacy for time. In three studies, we find that participants acknowledge smaller, less frequent planning fallacies for ...
Stephen A. Spiller, John G. Lynch
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The planning fallacy in oil and gas decision-making
The APPEA Journal, 2010The ‘planning fallacy’ describes the tendency of people to underestimate costs and times required for the completion of complex projects. Psychological research has demonstrated that a key component of this results from the packing/unpacking bias—where options or problems that are not specifically stated tend to be ignored by people when making ...
Welsh, M. +3 more
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The Planning Fallacy in the Context of a Short Writing Task
2023This study examines the estimation or planning of a proximal and brief writing task to uncover further associations of the planning fallacy on simple, seemingly quick tasks. The study was done as a requirement for Psych 220T at California State University, Fresno.
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Soft-tissue profile-fallacies of hard-tissue standards in treatment planning
American Journal of Orthodontics and Dentofacial Orthopedics, 1986The study was designed to test the efficacy of using a cephalometric dentoskeletal standard as a clinical tool to produce predictable and desirable facial esthetics. Thirty adolescent patients were randomly selected who, at the completion of treatment, had lower incisors positioned approximately 1.5 mm anterior to the A-pogonion plane.
Y C, Park, C J, Burstone
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The Planning Fallacy: Consumers’ Unrealistically Optimistic Marketplace Expectations
2014Consumers often hold confident beliefs that their marketplace activities will proceed exactly as planned, although in the past, such expectations have proven overly optimistic (Buehler, Griffin, and Ross 1994). How often have we stopped by a retail outlet intending to pick up only one or two specific items, only to be enticed to stay in the retail ...
James W. Clark +2 more
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"Decisional Procrastination: The Role of Courage, Media Multitasking and Planning Fallacy "
European Proceedings of Social & Behavioural Sciences, 2016Some adverse effects of procrastination are anxiety, tension, loss of valuable opportunities, as well as the breakdown of relationships with other people. This study assumed that procrastination is learned. Procrastination can be avoided by identifying its predictors; the question is: Are courage, media multitasking, and planning fallacy able to ...
Jeremy Kristanto, Juneman Abraham
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Futurists' Fallacies: Common Errors in Long‐Range Planning
Handbook of Business Strategy, 2003Why do respected planners so often fail to predict seismic events? Here are some reasons, and a better way to plan: scenario planning.
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