In the _________ bias, a decision maker tends to stick to an ineffective course of action when it is unlikely that the bad situation can be reversed.
A) Confirmation
B) Availability
C) Escalation of commitment
D) Overconfidence
E) Framing

Question

Quizplus · Accepted Answer

The scenario describes the escalation of commitment bias, in which a decision maker continues to invest resources or maintain a course of action despite negative outcomes or a lack of success. This bias can result in a reluctance to admit failure and a waste of resources.

In the _________ Bias, a Decision Maker Tends to Stick