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Tag: bias

Categories General

Planning Fallacy – Underestimating how long it will take to complete a task

Posted on September 1, 2022September 1, 2022by Vejay Anand
planning fallacy
It is routine for a coworker who has been tasked with completing a presentation by a certain date to fail to do so within the allotted time frame, even though they had previously …
Continue reading "Planning Fallacy – Underestimating how long it will take to complete a task"
Categories General

Dunning-Kruger Effect – And the False Sense of Knowledge

Posted on August 24, 2022August 24, 2022by Vejay Anand
dunning-kruger effect
I was with friends who frequently hung out at a coffee shop. Due to my long tenure in the coffee trade, I possess passable (not stellar, but fair) understanding knowledge of coffe…
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Categories General

Availability Heuristic & the Easier Route to Decision Making

Posted on June 29, 2021June 29, 2021by Vejay Anand
Lottery companies love to talk about recent winners. Mr X won Rs 1 crore! On social media, news sites, blogs, etc., the winner becomes a minor celebrity. And we then overest…
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