Melinda is assigned a task on Monday that needs to be completed by Friday.She decides to begin the task on Thursday as she estimates that the task will take her two days to complete,but the task will take her three days.This underestimation of how long it will take to complete a task is called:

Question

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The underestimation of how long it will take to complete a task is called the planning fallacy. This is a cognitive bias where individuals tend to underestimate the time, resources, and efforts required to complete a task, leading to delays and missed deadlines. Self-handicapping is the practice of intentionally creating obstacles or excuses to avoid potential failure, while the impact bias is the tendency to overestimate the emotional impact of future events. The spotlight effect refers to overestimating the extent to which other people notice and evaluate our appearance and behavior.

Melinda Is Assigned a Task on Monday That Needs to Be