Planning fallacy is one common form of
A) confirmation bias.
B) illusion of control.
C) predictability bias.
D) optimistic bias.
E) control bias.

Question

Quizplus · Accepted Answer

Planning fallacy is the tendency for individuals to underestimate the time they need to complete a task or achieve a goal, and overestimate their ability to do so. This is a clear example of optimistic bias, where people have unrealistic expectations about their future outcomes. The other options are not directly related to planning fallacy.

Planning Fallacy Is One Common Form of