Runaway Train? - Freakonomics Blog - NYTimes.com

The discussion from Freakonomics is about high-speed rail ways and the fear that once we begin down the track (sorry I could not resist) we will never consider the economics of it. That said, the following quote is a perfect example of why even die-hard classical economists (Thaler's "Econs") are admitting that behavioral finance/economics does play a role in decision making.Runaway Train? -