this post was submitted on 16 Nov 2024
988 points (86.4% liked)

Science Memes

11189 readers
2384 users here now

Welcome to c/science_memes @ Mander.xyz!

A place for majestic STEMLORD peacocking, as well as memes about the realities of working in a lab.



Rules

  1. Don't throw mud. Behave like an intellectual and remember the human.
  2. Keep it rooted (on topic).
  3. No spam.
  4. Infographics welcome, get schooled.

This is a science community. We use the Dawkins definition of meme.



Research Committee

Other Mander Communities

Science and Research

Biology and Life Sciences

Physical Sciences

Humanities and Social Sciences

Practical and Applied Sciences

Memes

Miscellaneous

founded 2 years ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 1 points 1 week ago

Sometimes it's documented but often I'd say it's a selling technique that works for any big infrastructure project. You give a rather low first cost projection, governments decide let's do this and after a while you correct the price up. First, people say: well that is to be expected the project shouldn't fail because of a little price hike. Then the price gets corrected again and then the sunken cost fallacy kicks in. now we are to deep in and we have to pull through. And so on. And you probably can't get price guarantees for such big projects cause no one would make a bid. It's a very flawed system. I'd like to know how often solar or windpark projects get price adjusted?