The blackjack strategy illustrates a phenomenon called ________.
A)representative heuristic
B)availability heuristic
C)escalation of commitment
D)unexpected events
E)expected events

Question

Quizplus · Accepted Answer

The blackjack strategy illustrates the phenomenon of escalation of commitment, where players continue to invest in a decision despite facing negative outcomes, hoping to turn the situation around.

The Blackjack Strategy Illustrates a Phenomenon Called ________