Question $10(5$ points$)$

$q,$ refers to our tendency to underestimate the time, costs, and risks involved in completing tasks or projects, while overestimating our abilities to accomplish them within a given timeframe. Imagine you're tasked with organizing a fundraising event for your college club. Despite past experiences of similar events taking longer than expected, you might still underestimate the time needed for planning and execution. As leaders, this bias can lead us to set unrealistic expectations for ourselves and our teams, resulting in missed deadlines and project delays.

Planning fallacy

Curse of knowledge

Illusion of control

Self$-$serving bias

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