Lorko, Matej; Servátka, Maroš; Zhang, Le - 2018
The success of a business project often relies on the accuracy of its project duration estimates. Inaccurate and … anchors, such as relatively uninformed suggestions or expectations of the duration of project tasks, play a role in the … duration estimates. We find strong anchoring effects and systematic estimation biases that do not vanish even after the task is …