John Hemming's Web Log John's Reference Website
Friday, January 20, 2006
  Optimism Bias - the fiddle factor, Barts and South Birmingham
The factor that is added to the estimates for a public sector cost for a PFI project is called the "optimism bias". This is used to calculate the "public sector comparator". When the National Audit Office says PFI is "cheaper", it means that it is cheaper than the inflated figure.
 
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better brent chart

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