Bent Flyvbjerg of Oxford University is the world’s most cited scholar of megaproject management and mismangement. One of his studies included this: “Underestimation cannot be explained by error and is best explained by strategic misrepresentation, that is, lying. The policy implications are clear: legislators, administrators, investors, media representatives, and members of the public who value honest numbers should not trust cost estimates and cost-benefit analyses produced by project promoters and their analysts.


Can you tell us more about this? Is anyone working on this in a meaningful way? How can we get…