Escalation of commitment involves selecting one's preferred decision alternative before all options have been considered.

Question

Quizplus · Accepted Answer

Escalation of commitment refers to the phenomenon where individuals or organizations continue to invest time, money, or effort into a failing decision, project, or course of action, even when it becomes clear that persisting with the decision is not beneficial. It does not relate to selecting a preferred decision alternative before all options are considered; that would more accurately describe a bias in decision-making processes such as confirmation bias or premature closure.

Escalation of Commitment Involves Selecting One's Preferred Decision Alternative Before