Need To Act Fast
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Hard–easy effect
Description
A cognitive bias that manifests as overconfidence on hard tasks and underconfidence on easy tasks.
Hard–easy effect in business decision
An employee might be overly confident in their ability to complete a complex, unfamiliar project task, but underconfident about a simple, routine task, leading to misallocation of effort.
Hard–easy effect in personal life decision
You underestimate the difficulty of a challenging task (e.g., learning a new language) and overestimate success at an easy one.