People who carefully gather and consider information consistent with the rational decision-making model are more likely to engage in which of the following decision-making errors?
A) escalation of commitment
B) randomness error
C) availability bias
D) performance evaluation
E) reward systems

Question

Quizplus · Accepted Answer

Escalation of commitment is a decision-making error more likely to occur among those who carefully gather and consider information, as they may become too invested in their decisions and continue to commit resources to failing courses of action in an effort to justify their initial decision.

People Who Carefully Gather and Consider Information Consistent with the Rational