satt comments on Open thread, Mar. 16 - Mar. 22, 2015 - Less Wrong

6 Post author: MrMind 16 March 2015 08:13AM

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Comment author: satt 22 March 2015 06:51:34PM 0 points [-]

Reference class forecasting: get a list of previously constructed nuclear power plants, look up how much they were delayed and over budget, then use the empirical probability distribution of delays and cost over-runs. (Bent Flyvbjerg, cited by Tripitaka, turns out to be very keen on RCF.)