I keep putting more and more money into my car in the form of new repairs. My car itself is not worth that much money. I am a victim of
A)diffusion of responsibility.
B)escalation of commitment.
C)the representativeness heuristic.
D)the availability heuristic.
E)the self-serving bias.

Question

Quizplus · Accepted Answer

Escalation of commitment refers to the tendency to continue investing time, money or resources into a decision or project, even though it is not providing any positive returns. In this case, the individual is continuing to invest money into the car despite the fact that it is not worth much, which is a classic example of escalation of commitment.

I Keep Putting More and More Money into My Car