The planning fallacy is when we don’t calculate the amount of time it will take us to complete a task correctly.
I definitely have experienced this many, many, times. Sometimes I think that my ability on a certain task is so great that I will be able to do something in about an hours time. This has come to bite me in the butt on certain occasions. I know now that I always kind of need to give myself a little more time just in case something else becomes distracting or I get caught up in something. For example when it comes to homework, I often will procrastinate because I know that I can get it done and I don’t think it will take me very long to accomplish. However, I have found that even though I know what I am doing on the assignment, to make it presentable I end up taking more time than I originally had planned.
Everybody experiences this and sometimes it can even be on a daily basis, or else that’s just my bad planning habits:)