Confidence Quote by Daniel Kahneman
“People exaggerate their confidence in their plans - something we call the planning fallacy... The existence of the plan tends to induce overconfidence.”
About This Quote
Source Book: Thinking, Fast and Slow, 2011
People tend to be overly confident about their plans because simply having a plan makes them feel in control, leading to underestimation of time and difficulty.
In simple terms: Plans boost confidence, causing underestimation of effort.
Key Takeaway
Recognize and adjust for overconfidence in planning.
Themes
planning
confidence
bias
decision-making
Mood
cautious
analytical
Type
cognitive
advisory
When to use this quote
- project management
- personal goal setting
- event organization
Key Concepts
planning fallacy
overconfidence bias
cognitive bias
Questions to Reflect On
- How can you objectively assess the difficulty of a plan?
- What safeguards can reduce overconfidence?
A Different Perspective
Confidence can blind you to risks and resource limits.
