Which of these is NOT a reason contributing to escalation of commitment?
A)Self justification
B)Prospect theory effect
C)Perceptual blinders
D)Closing costs
E)Implicit favorites

Question

Quizplus · Accepted Answer

Implicit favorites refer to a decision-making bias where a decision-maker has a preferred option from the start, which is not directly related to the escalation of commitment.

Which of These Is NOT a Reason Contributing to Escalation