The Planning Fallacy: Why We Procrastinate

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Within a world where people are primarily motivated by greater health, happiness, freedom, financial security and success, one would automatically assume that humans would act in the most efficient manner to ensure that these feats, which ultimately lead to prosperity, are achieved in the quickest fashion. Unfortunately, the opposite of this seems true. It has become evident by observing the planning fallacy in action; the tendency of individuals to underestimate the time needed to complete most tasks, as most consider that they will accomplish their goals more quickly than they actually do (Koole, 2000). The planning fallacy helps to explain why people delay tasks for their future selves, using their positive expectations of someone who …show more content…

The greatest concern of this cognitive bias is that the time needed to complete a task is often greatly underestimated (Davies, 2014). As per Hofstadter’s Law: “It always takes longer than expected even when you take into account Hofstadter’s Law” (Hofstadter, 2000). This is in great part due to the inability to predict the unexpected future, which leads to the development of the most optimistic scenario for completion of a task. Due to this narrow focus and the lack of consideration for any variables within the idealistic scenario, individuals are left at the original deadline with a task still yet to be fully …show more content…

The inability to clearly see the future leads individuals to procrastinate, and to delay completion of goals due to singular, “inside” perspectives which only focus on the task at hand and the idealistic scenario in which it will be completed. The planning fallacy helps to explain why people delay tasks for their future selves, using their positive expectations of the future to justify their present inaction. This becomes useful when trying to understand the future self, as it furthers the argument that humans assume the future is bright and uncomplicated- free of all stress and troubling situations; and that is exactly why leaving things for the future self makes common sense in most minds. If the future self is supposedly better controlled, in better health, and has more time and energy to contribute to the task at hand, it justifies to an individual their present inaction, as the longer a task is delayed the more equipped they will be to deal with it. Human beings are optimists when it comes time to plan for the future; only once that initial judgement passes do we truly see situations for what they truly

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