Yes.

Here's the Flyvbjerg paper debunking it.

https://ora.ox.ac.uk/objects/uuid:248c82ce-09f2-4a4f-957b-1177a859cda2/download_file?file_format=application%2Fpdf&safe_filename=Hirschman5.2AAM.pdf&type_of_work=Journal+article

There's a chapter in How Big Things Get Done dealing with this in less dry language.