Nigel assumed that it would take him two weeks to complete his college project.However,it took him two months to complete his project.Nigel admits that he underestimated the time required to complete the project.This is an example of
A)the planning fallacy.
B)the bandwagon effect.
C)omission bias.
D)the false consensus effect.

Question

Quizplus · Accepted Answer

Nigel's situation is an example of the planning fallacy, which refers to the tendency to underestimate the amount of time, resources, and effort required to complete a task or project. This occurs because individuals tend to focus on the best-case scenarios, ignore potential obstacles, and rely too heavily on their personal experiences and abilities.

Nigel Assumed That It Would Take Him Two Weeks to Complete