Most of us are

Most of us are optimists, which might make us better company at the dinner table, but it means we are lousy at predicting the future. 

A case in point is the famous Sydney Opera House, which was commissioned in 1957 with an expected completion date of 1963 and a budget of $7 million Australian dollars. 

The building wasn’t finished until 1973, and only after the most ambitious versions of the plan had been scaled back, for a final cost of $102 million.

We underestimate the amount of time a project will require. If it’s a project that has a budget, we underestimate the expense as well.

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