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Front-End Assessment and the Decision to Finance a Project

In: Early Project Appraisal

Author

Listed:
  • Knut Samset

Abstract

Reason and experiences are illustrated by the following small experiment. A bottle lies on a window sill, its bottom against the window and sunshine outside. A bee and a fly are inside the bottle, trying to escape. What happens? The intelligent bee flies towards the light. It buzzes constantly against the bottom of the bottle, until it drops dead of dehydration and exhaustion. The fly, with its lower intelligence, flies randomly, in all directions, until it by chance flies out through the narrow bottleneck and escapes. Chance triumphs over reason.

Suggested Citation

  • Knut Samset, 2010. "Front-End Assessment and the Decision to Finance a Project," Palgrave Macmillan Books, in: Early Project Appraisal, chapter 15, pages 149-157, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-28992-5_15
    DOI: 10.1057/9780230289925_15
    as

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