An increased commitment to a previous decision despite evidence that it may have been wrong is a phenomenon called ________.
A)the anchoring effect
B)intuition
C)overconfidence bias
D)hindsight bias
E)escalation of commitment

Question

Quizplus · Accepted Answer

Escalation of commitment refers to the tendency to invest more resources into a decision or course of action, even when evidence suggests that it may be wrong. This can happen due to the desire to avoid admitting failure or to justify the initial decision.

An Increased Commitment to a Previous Decision Despite Evidence That