The #2 Reason Why Project Values Get Revised Down
Submitted by Chris Dalton on Mon, 2016-08-08 11:53
In an earlier post I argued that the #1 cause of downward project revisions in portfolio analysis is a phenomenon called "winner's curse", whereby the error in estimating project values, together with screening criteria, results in more negative surprises than positive ones. In this post, I'll talk about the #2 reason (which might be the #1 reason in some portfolios).
