Overconfidence

How Experience and Qualifications Amplify the Fallacy of Planning (i.e., “Overconfidence”)

Research by Ana Guinote and Mario Weick shows that people in positions of power are particularly ineffective planners. People who feel powerful focus on getting what they want and ignore the potential obstacles that stand in the way. Here is the fallacy of planning: the planning efforts of powerful people rely frequently on “best case…