Should We Build More Large Dams? The Actual Costs of Hydropower Megaproject Development

Published: Mar 10, 2014
Abstract
A brisk building boom of hydropower mega-dams is underway from China to Brazil. Whether benefits of new dams will outweigh costs remains unresolved despite contentious debates. We investigate this question with the “outside view” or “reference class forecasting” based on literature on decision-making under uncertainty in psychology. We find overwhelming evidence that budgets are systematically biased below actual costs of large hydropower dams —...
Paper Details
Title
Should We Build More Large Dams? The Actual Costs of Hydropower Megaproject Development
Published Date
Mar 10, 2014
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