Which of the Following Best Describes a Planning Fallacy

question 58

Multiple Choice

Which of the following best describes a planning fallacy?

• A)the tendency to choose information supporting our existing position and ignore conflicting evidence
• B)the tendency to underestimate the time it will take to complete a task
• C)the tendency to rely on one piece of information, however irrelevant
• D)the tendency to believe that an actual event was predictable even if it was not

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Definitions:

Compounded Monthly

A method of calculating interest where the accumulated interest is added to the principal sum each month, leading to an increase in the amount of interest earned over time.

Spring Break

A short vacation period in early spring at universities and schools in various countries.

Monthly Payments

Regular payments made over a period of time, usually in the context of repaying loans.

Compounded Quarterly

Compounded quarterly refers to the process of calculating interest on an investment or loan by adding the interest to the principal amount every quarter, allowing the interest to earn interest in subsequent periods.