Peter,the owner of a local real estate agency,is even more committed to making the used copier,which he recently purchased,work even though it keeps jamming,and his employees have been telling him about other problems they have been having with the copier.The ______ affects Peter's decision making.
A)framing effect
B)narrow focus bias
C)anchoring and commitment bias
D)escalation of commitment bias
E)fog effect

Question

Quizplus · Accepted Answer

The escalation of commitment bias is the tendency to continue investing resources in a failing course of action even when it becomes clear that it is not working. In this case, Peter's unwillingness to replace the faulty copier despite being informed of its problems demonstrates this bias.

Peter,the Owner of a Local Real Estate Agency,is Even More