4) Planning fallacy is
individual's tendencies
to make optimistic predic-
tions about the completion
of a specific task.
5) Counterfactual tendency
is the tendency to imagine
outcomes in a situation other
than those that acutally
occurred. Furthermore, to
think about "What Could Have
Been".
There are two types of counter-
factual thinking. First, upward
thinking is when an individual
imagines a better outcome.
Secondly, downward thinking is
when an individual imagines
a worse outcome.