Bullet Train Discussion

Read the following articles:

https://www.courthousenews.com/california-bullet-train-costs-rise-by-another-1-billion-in-new-estimate/(Links to an external site.)

https://www.washingtonexaminer.com/opinion/editorials/california-has-weaponized-transportation-against-its-own-population(Links to an external site.)

1. How can the sunk cost fallacy be applied to this situation?

2. What about opportunity costs? What else could they be using that money for?

3. Should they complete the train no matter the cost? How would you justify the decision to either cut the project or continue?