Optimism bias fuels transport project cost overruns, hindering infrastructure development.
The article explores why transport projects often end up costing more than expected. It looks at the idea that people tend to be overly optimistic when estimating project costs, leading to these overruns. The researchers found that there is still a lot we don't know about how this optimism bias affects cost estimates for transport projects. This lack of understanding makes it harder to come up with effective ways to prevent these cost overruns.