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A perpendicular intersection uses way less area than a roundabout. That's the basic reason.

Roundabouts have better throughput than a busy 4-way stop, but less throughput than a signaled intersection if the timing and sensing is reasonable (many signaled intersections don't have reasonable sensing). Roundabouts also have some pretty nasty worst case wait times; I'm really not looking forward to the state installing one near me on the approach to a car ferry; it won't be fun to wait for 200 cars to go by before you get a turn to go, and I expect long ferry lines to result in impatient people in the ferry line blocking the roundabout. Sometimes there's two hours between ferry loadings. Going to be some fun times.

Personally, I find it challenging to both look ahead to the right to confirm I have room to enter the roundabout, look to the left to confirm there is no traffic that I need to wait for, as well as looking far left and right to ensure there are no pedestrians crossing soon. Signaled 4-way perpendicular intersections have worse outcomes when a participant doesn't follow the signalling, but indication of right of way makes it easier to confirm at a glance if it's safe to proceed.

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> A perpendicular intersection uses way less area than a roundabout.

That’s not actually true. It’s entirely possible for them to have the same footprint.

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Traffic lights can be tuned to create "green waves" that allows for efficient flow of traffic along arteries through a city. You can adjust the timing throughout the day to help alleviate congestion. In rural areas, heavy machinery/commercial vehicles may need to make a very wide turn through the intersection. Traffic circles are fine for a lot of applications but they aren't strictly better than lights in all circumstances.
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I don't see how that could possibly be true. The same flow has to be achieved either way, and lights will always have some margin of inefficiency in switching. Seems lights will always be strictly worse than roundabouts in this sense.

There are also solutions for large vehicles where the center is raised but not impassible.

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You over estimate the intelligence of the average American. I've lived in a few cities with a number of roundabouts and while I love them, the number of stupid people that panic and..

-stop in the roundabout

-stop before the roundabout and let their brain buffer for 30 seconds.

-somehow go the wrong way in the roundabout

-fail to yield to traffic in the roundabout

Is way too damn high. It makes traversing one a high stress situation since you have no idea if grandpa grunt and run in to you is about to perform a confusion based terror attack on the traffic control device.

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LOL.. stop before the roundabout and let their brain buffer for 30 seconds
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As with most things, it’s just history. Roundabouts were invented here in the US, but the inventor made a tiny but critical mistake. Originally drivers inside the roundabout had to yield to drivers entering it. Obviously we know now that this leads inevitably to gridlock during heavy traffic, but back then it wasn’t so obvious. The result is that roundabouts were written off as a bad idea, and signalized intersections (also invented around the same time) took off instead.
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Having driven in both, Americans don't take naturally to roundabouts and it would be difficult to teach all the existing drivers about them. Same in the UK when they add new rules: most drivers remain completely unaware of them.
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There’s nothing complicated about roundabouts: entering it is like joining the traffic from a parking lot/your own driveway, exiting it is like exiting a highway.
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It's not exactly the same though

You yield to traffic from the left, which mean someone from a leftward entrance has priority, but they can actually be blocked by other traffic. So you have to not only consider yielding to them, but also whether they are yielding to someone else, thus giving you space to go. I see this computation mess people up all the time.

Also, judging intentions is much harder. On a multi-lane highway, it's very clear when someone is cutting across lanes to exit. And there's only one place they can be exiting. On a multi-lane roundabout, they might be taking the exit before your entrance, or the one after. Often people won't be signalling, or even giving incorrect signals.

When joining as well, if I'm emerging onto a busy road with two lanes in the direction I'm going, I will probably accept joining when the nearest lane is clear, even if the next lane is not, as long as the cars there don't look to be moving into the nearest lane. On a roundabout people can peel off at any time, and you should really wait until there's a gap in all lanes.

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Space/land; you have to displace and buy the four corner properties (at least) to put one in.
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Come to Massachusetts, we have a lot of roundabouts and even a few old style two lane rotaries.
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I've driven them.. fantastic and no technology to go wrong.
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