By Anand Tandon, includes “The cost-benefit analysis of mega government projects often turns out to be wrong, reveals a research paper … Most large projects tend to overshoot costs. … A cost-benefit analysis is a means of evaluating relative attractiveness of projects when there is a slate of projects to choose from. But what if the estimates of cost and benefits suffered from systematic biases that made them a case of 'garbage in, garbage out'?”
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