We overestimate what we can do in 1 year and underestimate what we can do in 10

Why long term thinking is hard and what you can do about it

Most of us make new year resolutions but the truth is that they rarely work. Research suggests that by 8 January, one week from the start of the year, 25% of new year resolutions fall apart, and by the time the year ends, we will most probably end up returning to our old routines and rituals.

Most new year resolutions fail because behavioral change is ha…