What Is the Root (Or Essence) of the Planning Fallacy

question 13

Multiple Choice

What is the root (or essence) of the planning fallacy?

• A)Overconfidence
• B)Unreliable information
• C)Too much emphasis on the base rate
• D)Complacency
• E)Lack of confidence

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Definitions:

Sensation Seeking Scale

A psychological assessment tool designed to measure an individual's propensity for seeking varied, novel, complex, and intense sensations and experiences.

College Students

Individuals enrolled in an institution of higher education aiming to achieve degrees or certificates.

Significantly Higher

A term used in statistical analysis to indicate a result or value that is much greater than others, often beyond the level of random chance.

Sensation Seeking

The trait of seeking varied, novel, complex, and intense sensations and experiences, often involving taking physical, social, legal, and financial risks.