Do Projects Learn Across Space and Time? Evidence from the Olympics
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| Format: | Preprint |
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2026
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| _version_ | 1866914491221934080 |
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| author | Ansar, Atif Flyvbjerg, Bent Budzier, Alexander |
| author_facet | Ansar, Atif Flyvbjerg, Bent Budzier, Alexander |
| contents | Do projects learn across space and time? The Olympics, among the largest publicly funded programmes in the world, offer a unique empirical setting. Theoretically, the Games seem ideal for generating "positive learning curves," driving down costs from one iteration to the next. In practice, they do not. Drawing on the concept of "myopia of learning," we argue that spatiotemporality (geographic distance, temporal gaps, and the temporary organisational form of each host committee) combines to block higher-level learning. Our analysis of cost overruns from 1960 to 2024 reveals no sustained improvement over 64 years. Tactical learning abounds, but none aggregates into strategic improvement. We propose four strategies for overcoming the spatiotemporal barrier (incremental, centralising, decentralising, and real options), arguing that radical reform is required. |
| format | Preprint |
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arxiv_https___arxiv_org_abs_2604_17970 |
| institution | arXiv |
| publishDate | 2026 |
| record_format | arxiv |
| spellingShingle | Do Projects Learn Across Space and Time? Evidence from the Olympics Ansar, Atif Flyvbjerg, Bent Budzier, Alexander Physics and Society General Economics Economics Do projects learn across space and time? The Olympics, among the largest publicly funded programmes in the world, offer a unique empirical setting. Theoretically, the Games seem ideal for generating "positive learning curves," driving down costs from one iteration to the next. In practice, they do not. Drawing on the concept of "myopia of learning," we argue that spatiotemporality (geographic distance, temporal gaps, and the temporary organisational form of each host committee) combines to block higher-level learning. Our analysis of cost overruns from 1960 to 2024 reveals no sustained improvement over 64 years. Tactical learning abounds, but none aggregates into strategic improvement. We propose four strategies for overcoming the spatiotemporal barrier (incremental, centralising, decentralising, and real options), arguing that radical reform is required. |
| title | Do Projects Learn Across Space and Time? Evidence from the Olympics |
| topic | Physics and Society General Economics Economics |
| url | https://arxiv.org/abs/2604.17970 |