Adaptive Policies: A way to improve the cost-benefit performance of megaprojects?

Megaprojects are built as a result of a policy that tries to cope with an expected demand in the future. To assess the financial viability of a megaproject, a Cost-Benefit Analysis (CBA) is performed, which is very much dependent on the accuracy of predictive models that are used to forecast future demand. The outcomes of these models are very...