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Few of the youngest voters saw the Leave victory coming, perhaps because they underestimated the anger of an older generation whose lives look relatively comfortable.
Many long-term care insurers have recently announced that they are raising premiums because they underestimated how many policyholders would eventually make claims.
"People who were worried about our deficit were wrong because they underestimated the appeal of our new economy," Mr. Dornbusch said.
Thousands of public housing residents in New York City defied evacuation orders because they underestimated the ferocity of Hurricane Sandy; now they make up a city within a city, marked by acute need.
And while many perished in shelters, others ignored the evacuation and stayed put in their homes, either out of fear their property would fall prey to looters or because they underestimated the risk.
Writing in The Archives of Internal Medicine, researchers from Cornell University and the Memorial Sloan-Kettering Cancer Center said doctors sometimes failed to prescribe hypertension drugs, in part because they underestimated the importance of systolic blood pressure.
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Large-scale utopian projects always fail, because they underestimate the complexity of life and the necessity of accommodation.
"When you enter a technology cycle, value investors get confused by the apparent high valuation of the stocks, because they underestimate the wave of innovation that's coming," he said.
Dealing with clients, sending invoices and following up on unremitted payments can take up half of a freelancer's time, and one of the reasons freelancers fail is because they underestimate the amount of time and effort that goes in to business operations.
Finally, the hypothesis that gamers play more because they underestimate time is also discussed.
Indeed, this is a chicken-and-egg question: do gamers play a lot because they underestimate time or do they underestimate time because they play a lot?
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com