The group later learns that the drug will be very expensive to manufacture, but the group decides to continue the project so that all the resources already spent on it will not have been wasted. This is an example of ________.
A) availability bias
B) hindsight bias
C) escalation of commitment
D) satisficing
E) fundamental attribution error

Question

Quizplus · Accepted Answer

This situation exemplifies escalation of commitment, where a group continues to invest resources in a project even when the costs outweigh the benefits, to avoid feeling like the previous investments were wasted.

The Group Later Learns That the Drug Will Be Very