Govt extends Ocean Infinity MH370 search deal for another year - Nst
nst.com.my
Malaysia just extended Ocean Infinity's MH370 search contract another year — raising the question of whether the southern Indian Ocean zone is still the right place to look.
Bayesian InferenceSunk Cost FallacyPrincipal-Agent ProblemGame Theory
Theory Briefing
- The Malaysian government renewed Ocean Infinity's underwater search deal, keeping the hunt alive in the southern Indian Ocean.
- MH370 vanished in 2014 and no confirmed wreckage has ever been found at the primary search site, fuelling debate over the plane's true flight path.
- A no-find-no-fee model underpins Ocean Infinity's contract, meaning the company only gets paid if wreckage is actually located.
- Each extension resets the question of whether the search zone is based on the best available data or on assumptions that have never been tested against a find.