In social psychology, the "belief that one's own project will proceed as planned, even while knowing that the vast majority of similar projects have run late" is known as the ____.
A)planning fallacy
B)omission bias
C)Zeigarnik effect
D)capacity to delay gratification

Question

Quizplus · Accepted Answer

The planning fallacy is a phenomenon where individuals underestimate the time, costs, and risks of future actions and at the same time overestimate the benefits of the same actions. This leads to the belief that one's own project will proceed as planned, despite evidence that most similar projects have experienced delays or issues.

In Social Psychology, the "Belief That One's Own Project Will