Escalation in Decision-Making: The Tragedy of Taurus
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This book describes the Taurus project--a 500m project to automate settlement systems on the London Stock Exchange. Begun in 1986, it was eventually abandoned in 1993. How was it that a major project promoted by the Stock Exchange, supervised by committees, advised upon by two major consultancies, staffed by an experienced technical team, could go wrong? Why was the decision to abandon the project not taken earlier? Written in the context of theories of decision-making, the book both tells an absorbing story and adds to our understanding of decision escalation.
Format:Hardcover
Language:English
ISBN:0198289537
ISBN13:9780198289531
Release Date:February 1997
Publisher:OUP Oxford
Length:286 Pages
Weight:1.08 lbs.
Dimensions:0.8" x 5.5" x 8.5"
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