Sticking to a decision despite evidence that it is a mistake is called ________.
A)escalation of commitment
B)escalation of rationality
C)satisficing commitment
D)error enhancement

Question

Quizplus · Accepted Answer

Escalation of commitment refers to the phenomenon of continuing with a decision even when there is evidence indicating that it is a mistake. This can be due to factors such as sunk costs (already invested time, money, and resources), cognitive biases, or a desire to avoid admitting failure. The other options, B) escalation of rationality, C) satisficing commitment, and D) error enhancement, are not commonly used terms in the decision-making literature and do not accurately describe the phenomenon described in the question.

Sticking to a Decision Despite Evidence That It Is a Mistake