Budget Director reflects on the crisis in Flint, Michigan and how the City of Baltimore's budget process aims to consider reductions with full awareness of programatic tradeoffs.
Most of the time, a budget office is working on three budgets: closing out last year, monitoring this year, and planning for next year.
The term "curse of knowledge" was coined in the Journal of Political Economy by economists Colin Camerer, George Loewenstein, and Martin Weber.