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Hofstadter's law
The adage that a task will always take longer than expected, even when Hofstadter's law is taken into account. The law is therefore endlessly recursive. Although often taken facetiously, the law ...
planning fallacy
The demonstrated tendency for people to underestimate the length of time it will take them to complete a task. Various explanations have been offered, including optimism bias, failure to allow for ...
strategic misrepresentation
In planning and budgeting, the tendency for those presenting projects for approval knowingly to understate costs and overstate benefits. This is a matter of deliberate policy and thus distinct from ...
