Daniel Kahneman Quotes About Planning

Quotes about: Planning

• People exaggerate their confidence in their plans - something we call the planning fallacy... The existence of the plan tends to induce overconfidence.

  Daniel Kahneman

  Confidence, People, Planning

• A plan is only a scenario, and almost by definition, it is optimistic... As a result, scenario planning can lead to a serious underestimate of the risk of failure.

  Daniel Kahneman

  Optimistic, Risk, Definitions

• Except for some effects that I attribute mostly to age, my intuitive thinking is just as prone to overconfidence, extreme predictions, and the planning fallacy as it was before I made a study of these issues.

  Daniel Kahneman

  Thinking, Issues, Age

  Daniel Kahneman (2011). “Thinking, Fast and Slow”, p.475, Macmillan

• The planning fallacy is that you make a plan, which is usually a best-case scenario. Then you assume that the outcome will follow your plan, even when you should know better.

  Daniel Kahneman

  Outcomes, Planning, Assuming

  "The Truth About How We Think". Interview with Jennifer Robison, www.gallup.com. March 20, 2012.

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