An increased commitment to a previous decision despite evidence that it may have been wrong is a phenomenon called __________.
A) confirmation bias
B) intuition
C) overconfidence bias
D) hindsight bias
E) escalation of commitment

Question

Quizplus · Accepted Answer

Escalation of commitment refers to the tendency of individuals to continue to invest time, money, and resources into a decision or project even when there is substantial evidence that it may not be successful. This could be because of a desire to avoid admitting failure, personal attachments to the decision, or the belief that a sunk cost justifies further investment.

An Increased Commitment to a Previous Decision Despite Evidence That