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Old July 13th 19, 12:54 PM posted to uk.railway,uk.transport.london
Robin[_6_] Robin[_6_] is offline
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First recorded activity at LondonBanter: Jun 2018
Posts: 48
Default ES: Crossrail at risk of being delayed even further

On 13/07/2019 11:22, tim... wrote:
the fallacy of the sunk costs


That (like loss aversion and status quo bias) is an issue with the
mental state of decision takers. It's not an argument against decisions
on whether or not to proceed based on objective assessments of the
options as they stand now - taking account of both work already done and
lessons from that work for the likely future costs.






--
Robin
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