Front-End Assessment and the Decision to Finance a Project

Knut Samset

Chapter 15 in Early Project Appraisal, 2010, pp 149-157 from Palgrave Macmillan

Abstract: Abstract Reason and experiences are illustrated by the following small experiment. A bottle lies on a window sill, its bottom against the window and sunshine outside. A bee and a fly are inside the bottle, trying to escape. What happens? The intelligent bee flies towards the light. It buzzes constantly against the bottom of the bottle, until it drops dead of dehydration and exhaustion. The fly, with its lower intelligence, flies randomly, in all directions, until it by chance flies out through the narrow bottleneck and escapes. Chance triumphs over reason.

Keywords: Decision Basis; Democratic Principle; Support Dialogue; Window Sill; Quality Assurance Requirement (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-28992-5_15

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DOI: 10.1057/9780230289925_15

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