According to Staw and Ross, escalation resulting from self-justification biases in which having been personally responsible for a decision can lead to continued commitment in order to try to avoid being associated with losses is known as:
A) Project determinants
B) Psychological determinants
C) Social determinants
D) Organizational determinants

Question

Quizplus · Accepted Answer

This phenomenon is known as the sunk cost fallacy, which falls under the category of psychological determinants of escalation of commitment.

According to Staw and Ross, Escalation Resulting from Self-Justification Biases