Sample frameDay 078·Decisions · Estimation

Good morning. You have never once been late for the reason you expected.

Decisions.

The Planning Fallacy

5 min read·Apply by lunch

The question

How long did the last three things you promised in a fortnight actually take? If you cannot answer that this morning without guessing, today's frame is already settled — you are about to produce another number by the method that produced those three, and the one record that would correct it has never been written down.

The idea

In 1994, Roger Buehler, Dale Griffin and Michael Ross published Exploring the Planning Fallacy in the Journal of Personality and Social Psychology. They asked students to predict when they would finish their honours theses; the average prediction was around thirty-four days, the average delivery around fifty-five, and most missed the date they had named as most likely. The name was Kahneman and Tversky's, coined in 1979 for precisely this: a forecast about your own work that stays optimistic even when you know quite well how the last one went. That last clause is the part worth sitting with. People remember their overruns perfectly well. They simply file each one under a cause that will not repeat — the supplier who vanished, the illness, the client who rewrote the brief in week three — and the next estimate comes out untouched. So the failure is not optimism, and it is not ignorance either. A plan is assembled out of the steps you can see, and delay is made almost entirely of the steps you cannot.

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