> If sufficiently low, from an EV perspective, perhaps they made the right choice?
They made the wrong choice. The thing about statistical probability is there’s eventually a right answer - a 1 in X chance collapses into an outcome. They may have made a defensible choice given what they knew at the time, but we now know it was the wrong one.
(That said, I doubt the choice was a good one at the time, either. Wikipedia notes the expected construction budget at $273M, so for ~2% of the cost of the project, they sank the whole thing.)
They made the wrong choice. The thing about statistical probability is there’s eventually a right answer - a 1 in X chance collapses into an outcome. They may have made a defensible choice given what they knew at the time, but we now know it was the wrong one.
(That said, I doubt the choice was a good one at the time, either. Wikipedia notes the expected construction budget at $273M, so for ~2% of the cost of the project, they sank the whole thing.)