Which of the following is the tendency for decision makers to persist with failing courses of action based on the fact that resources may have already been committed?

Question

Quizplus · Accepted Answer

Escalating commitment refers to the phenomenon where decision-makers continue to invest in a failing course of action due to the significant resources (time, money, effort) already committed, rather than cutting their losses. This is often driven by a desire to not appear wasteful or to hope that further investments will turn the situation around.

Which of the Following Is the Tendency for Decision Makers