Word: misrepresentationã
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...projects have cost overrun,” he joked to an audience of over 70 students and faculty from graduate schools across Boston. “That’s an exaggeration.” He attributed the overstretched budgets to optimism biases and “strategic misrepresentation?? in the original construction plans. Flyvbjerg said planners often overestimate revenue and underestimate costs in order to ensure funding for their projects, comparing this “culture of misrepresentation?? to pork barrel spending. “You get rewarded for misrepresenting projects and you get punished...
...Tamara E. Rogers ’74, vice president for alumni affairs and development, said she was disappointed with Bogert’s “misrepresentation?? of the role of the endowment and philanthropy at Harvard...
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