745 citations · 1.2k across the 13 of their papers we have counts for
3 papers · 1 filter
Uniqueness Bias: Why It Matters, How to Curb It
Bent Flyvbjerg, Alexander Budzier, M. D. Christodoulou +1
The paper explores "uniqueness bias," a behavioral bias defined as the tendency of planners and managers to see their decisions as singular. For the first time, uniqueness bias is…
The Oxford Olympics Study 2016: Cost and Cost Overrun at the Games
Bent Flyvbjerg, Allison Stewart, Alexander Budzier
Given that Olympic Games held over the past decade each have cost USD 8.9 billion on average, the size and financial risks of the Games warrant study. The objectives of the Oxford…
Big is Fragile: An Attempt at Theorizing Scale
Atif Ansar, Bent Flyvbjerg, Alexander Budzier +1
In this paper we characterise the propensity of big capital investments to systematically deliver poor outcomes as "fragility," a notion suggested by Nassim Taleb. A thing or syste…