REFERENCE CLASS FORECASTING IN ICELANDIC TRANSPORT INFRASTRUCTURE PROJECTS

Thordur Vikingur Fridgeirsson ()
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Thordur Vikingur Fridgeirsson: Reykjavik University Menntavegur 1, 101 Reykjavik, Iceland

Transport Problems, 2016, vol. 11, issue 2, 103-115

Abstract: Summary. Previous studies have indicated that the majority of infrastructure projects have cost overruns. The root causes are traced to political,...

Keywords: optimism bias; planning fallacies; cost forecasting; reference class forecasting; transportation projects (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:exl:1trans:v:11:y:2016:i:2:p:103-115

DOI: 10.20858/tp.2016.11.2.10

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