Cost overruns and demand shortfalls – Deception or selection?

Sample Selection Bias as a Specification Error

James J. Heckman · Econometrica · 1979 · 28.9K citations

Social Sciences, Economics, Behavioral Economics +16

Underestimating Costs in Public Works Projects:<i>Error or Lie?</i>

Journal of the American Planning Association · 2002 · 999 citations

Management, Project Management, Public Administration +17

Anomalies: The Winner's Curse

Richard H. Thaler · The Journal of Economic Perspectives · 1988 · 541 citations · Full text

Social Sciences, Behavioral Sciences, Economics +15

Curbing Optimism Bias and Strategic Misrepresentation in Planning: Reference Class Forecasting in Practice

Bent Flyvbjerg · European Planning Studies · 2007 · 423 citations

Management, Decision Sciences, Transportation Planning +15

Apparent Overconfidence

Econometrica · 2011 · 203 citations · Full text

Social Sciences, Psychology, Social Psychology +13