St. Louis invested millions of dollars for a new trolley system. The line ended up covering a very short distance and required more funds before the trolley could start running. What does this situation exemplify

Question

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This situation exemplifies the planning fallacy, which is the tendency to underestimate the time, cost, and resources needed for a project or task. The fact that the project required more funds before it could start running suggests that the initial budget and planning were insufficient, and the planners were overly optimistic about the project's feasibility.

St Louis Invested Millions of Dollars for a New Trolley