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What is a strategy to overcome the planning fallacy?
The planning fallacy is a cognitive bias. This bias occurs due to the underestimation of the time, costs, and risks related to future actions by the individual or a group. In this planning fallacy, which is a cognitive bias, benefits are overestimated. This is a bias because this fallacy leads to disappointing outcomes due to unrealistic bias and optimistic forecasts. Sometimes, due to these...
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