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Underestimating the time and cost necessary to complete a project best demonstrates the framing effect. the planning fallacy. the availability heuristic divergent thinking.

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Underestimating the time and cost necessary to complete a project best demonstrates
the framing effect.
the planning fallacy.
the availability heuristic
divergent thinking.

Underestimating the time and cost necessary to complete a project best demonstrates the framing effect. the planning fallacy. the availability heuristic divergent thinking.

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MerylElite · Tutor for 8 years

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<p> B</p>

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<p> The options provided all are psychology terms that refer to cognitive biases or mental processes that can influence judgement or decision-making. The framing effect refers to how presenting the same option in different frames can alter people's decisions. The availability heuristic is a mental shortcut whereby evaluations are made based on the ease with which examples or instances come to mind. Divergent thinking is a thought process used for brainstorming many diverse creative ideas to solve a problem.<br /><br />In contrast, the 'planning fallacy' is a cognitive bias that causes us to underestimate the time and resources necessary to complete a project. This term matches the description provided in the question, which determines the answer. The planning fallacy was first proposed by Daniel Kahneman and Amos Tversky in 1979.</p>
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