Escalation of commitment only happens when the current decision maker is responsible for the previous sunk costs.

Question

Quizplus · Accepted Answer

Escalation of commitment can occur regardless of whether the current decision maker is responsible for the previous sunk costs, as it involves continuing a chosen course of action even when it is not yielding the expected results, often influenced by factors such as cognitive dissonance, loss aversion, and social factors, not solely responsibility for past decisions.

Escalation of Commitment Only Happens When the Current Decision Maker