________ describes the situation when someone decides to continue to follow a failing course of action.
A) The ratio bias effect
B) The self-serving bias
C) The gambler's fallacy
D) An escalation of commitment
E) The fundamental attribution error

Question

Quizplus · Accepted Answer

Escalation of commitment refers to the decision to continue to follow a failing course of action. The expression "throwing good money after bad" captures this common decision-making error.

________ Describes the Situation When Someone Decides to Continue to Follow