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Not Enough Meaning

We simplify probabilities and numbers to make them easier to think about

Murphy's Law

Description

The adage that "anything that can go wrong will go wrong." While not strictly a cognitive bias, it reflects a pessimistic expectation that can influence planning.

Murphy's Law in business decision

A project manager, influenced by Murphy's Law, might excessively over-allocate resources and buffer times for every task, leading to inefficient planning, though it can also encourage robust contingency planning.

Murphy's Law in personal life decision

You believe everything that can go wrong will go wrong and prepare for failure in new ventures.