One of the reasons that escalation of commitment occurs is the:
A)lack of optimism in managers.
B)illusion of having control on the future.
C)willingness to abandon bad decisions.
D)continuous effort to increase cognitive dissonance.

Question

Quizplus · Accepted Answer

The illusion of control is a cognitive bias that leads people to overestimate their ability to control events, which can contribute to the escalation of commitment. This is because individuals may believe they can influence outcomes in their favor, even in situations where their influence is actually limited.

One of the Reasons That Escalation of Commitment Occurs Is