"Throwing good money after bad" refers to the ____ decision trap.
A) escalation of commitment
B) framing error
C) satisficing
D) dollar cost averaging
E) overconfidence

Question

Quizplus · Accepted Answer

"Throwing good money after bad" is a classic example of escalation of commitment. This refers to the tendency to continue investing in a decision or project even when evidence suggests that it is failing. This can often lead to sunk costs and negative outcomes.

"Throwing Good Money After Bad" Refers to the ____ Decision