Isn’t whether a project is “worth funding” depend on whether you think it’s proposed output is an actually valuable public good? If it is, then you shouldn’t mind not getting a refund that much. If it isn’t, there are other places to look for arbitrage.
Isn’t whether a project is “worth funding” depend on whether you think it’s proposed output is an actually valuable public good? If it is, then you shouldn’t mind not getting a refund that much. If it isn’t, there are other places to look for arbitrage.