Suppose you have a friend who is just beginning college, and she plans to go to school half-time. She estimates that she will earn her bachelor's degree in about 7 years, rather than 8 years. It is most likely that she

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The planning fallacy is a phenomenon where people underestimate the time it will take to complete a task. In this scenario, the friend is likely underestimating the time it will take to earn her bachelor's degree by planning to complete it in 7 years instead of the more typical 8 years for half-time students, thus falling victim to the planning fallacy.

Suppose You Have a Friend Who Is Just Beginning College