Another factor into the planning fallacy is for affirmation—for oneself and others—that the ‘plan’ is being given high priority.
I work in the mortgage industry and see this all the time, from my clients and from coworkers. They assure that a file should be able to close by the week’s end, when several key items haven’t been received, or that a file will be reviewed by such and such date, and an underwriter hasn’t been assigned to review it.
Instead of saying something will happen ‘soon,’ giving an (albeit unrealistic) deadline can be more comforting to all parties.
Another factor into the planning fallacy is for affirmation—for oneself and others—that the ‘plan’ is being given high priority.
I work in the mortgage industry and see this all the time, from my clients and from coworkers. They assure that a file should be able to close by the week’s end, when several key items haven’t been received, or that a file will be reviewed by such and such date, and an underwriter hasn’t been assigned to review it.
Instead of saying something will happen ‘soon,’ giving an (albeit unrealistic) deadline can be more comforting to all parties.