Planning Fallacy
Updated 2026-08-02
INTRODUCTION
English translation pending.
CORE DEFINITION
The planning fallacy describes chronically optimistic forecasts for task completion, even when the same person has overrun similar projects before. Forecasters adopt an internal perspective, focusing on the specifics of the current plan and its best-case path while ignoring the distribution of outcomes from comparable past efforts. The remedy is reference-class forecasting, which uses the actual durations of similar projects as the baseline. Key qualification: the bias affects estimates rather than capability, and it persists even when people know about it.
SCAFFOLDING EFFECT
Reduce cognitive load
- Baseline first: ask how long comparable tasks actually took before estimating this one. - Use the outside view: treat your project as a member of a class rather than as a unique case. - Build in slack: publish ranges and checkpoints instead of single-point commitments.
Anchor fast decisions
Planning focuses attention on the specific steps and the intended sequence, which makes the smooth path feel representative. Memory of past overruns is available but not applied, because the current plan feels more detailed and therefore more likely to succeed. The result is a forecast that describes the best case while presenting itself as the expected case.
MINIMUM ACTION
In progress 0/1Practice this model in one real situation:
account_treeGenealogyexpand_more
menu_bookReferencesexpand_more
Source support: Explicit
- zh.wikipedia.orghttps://zh.wikipedia.org/wiki/%E8%A6%8F%E5%8A%83%E8%AC%AC%E8%AA%A4verified
PRIVATE NOTES · Only visible to you
SAVED Q&A
ENTRY Q&A · Private saving available
Ask with a clear boundary
thinkingmodels answers from published entry context only.
Your question is sent to thinkingmodels. The answer uses public entry context only.
RELATED MODELS