Which of the following cannot be used to explain escalation of commitment?
A)Agency theory
B)Self-justification theory
C)Prospect theory
D)Information theory

Question

Quizplus · Accepted Answer

Information theory does not directly explain escalation of commitment. Agency theory and self-justification theory both address issues of decision-making and motivation in individual and group settings that can contribute to escalation of commitment. Prospect theory explains how individuals make decisions based on potential gains and losses, which can also contribute to escalation of commitment.

Which of the Following Cannot Be Used to Explain Escalation