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by silverlake
455 days ago
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There’s a great podcast that delves into the Big Dig. It was an exceedingly difficult giant construction project. The original cost estimate was a made up number for political expediency. They lied knowing once they dug a big hole the sunk-cost fallacy would pull them over the finish line. |
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That's essentially what the CA high speed rail folks did. It remains to be seen if it ends up working out for them.