--- title: "Meaning & Key Takeaway of: Goodstein demonstrated that in every…" description: "\"“Goodstein demonstrated that in every case, when compared with the actual costs paid, the estimates were grossly inflated.6 His examples range from asb..." image: "https://sms4smile.com/quotes/i/eb4/tim-flannery-76659_quote_goodstein-demonstrated-that-in-every-cas_1136145.jpg" --- # Goodstein demonstrated that in every case, when compared… ![“Goodstein demonstrated that in every case, when compared with the actual costs paid, the estimates were grossly inflated.6 His examples range from asbestos to vinyl, and in all instances but one the estimated cost flowing from regulatory change was at least double the actual cost paid, while in…” quote by Tim Flannery](https://sms4smile.com/quotes/i/eb4/tim-flannery-76659_quote_goodstein-demonstrated-that-in-every-cas_1136145.jpg) [Download](https://sms4smile.com/quotes/i/eb4/tim-flannery-76659_quote_goodstein-demonstrated-that-in-every-cas_1136145.jpg) [Open image](https://sms4smile.com/quotes/i/eb4/tim-flannery-76659_quote_goodstein-demonstrated-that-in-every-cas_1136145.jpg) > ““Goodstein demonstrated that in every case, when compared with the actual costs paid, the estimates were grossly inflated.6 His examples range from asbestos to vinyl, and in all instances but one the estimated cost flowing from regulatory change was at least double the actual cost paid, while in some cases estimates were even more exaggerated.”” Tim Flannery ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Regulatory cost estimates are often far higher than actual expenses, leading to inflated expectations. **In simple terms:** Cost forecasts are exaggerated. Key Takeaway Scrutinize cost projections critically. Themes economics policy regulation Mood analytical skeptical Type critical informative When to use this quote - government budgeting - environmental policy - infrastructure projects - business planning Key Concepts cost‑benefit analysis risk assessment Questions to Reflect On - How can we improve cost estimation? - What checks prevent overestimation? A Different Perspective Estimates may be accurate in some cases; uncertainty remains. ★ ★ ★ ★ ★ No ratings yet ## Related quotes > [It takes a little more time to get into the role, but not very much more. 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