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> pie-in-the-sky overconfidence of founders I always wonder do they really are overconfident, or are they so because somehow they think they would miss opportu
by wiz21c 5y ago
> pie-in-the-sky overconfidence of founders
I always wonder do they really are overconfident, or are they so because somehow they think they would miss opportunities if they are less overconfident than their competitors ?
It sounds much like advertising always selling you things using very ambiguous wording in order to make you dream. For me that's just lying.
- bumby 5y agoThis is a documented bias in civil projects and one of the factors of why they are notoriously over schedule and over budget. An optimism bias leads naive project managers to gauge cost and schedule on best case scenarios. Less naive managers then have to give equally optimistic projections, just to have a hope of getting funded even if they know the projections are wrong.