Which of the following best describes nonrational escalation of commitment?
A)Strong commitment to an idea that was previously chosen.
B)Commitment to a previous course of action beyond the point prescribed by rational models of decision making.
C)Continuing with a previously chosen course of action when the potential future benefits outweigh the potential future costs.
D)Commitment to a previously chosen course of action when the expected value of continuing the project is positive.

Question

Quizplus · Accepted Answer

Nonrational escalation of commitment refers to a situation where decision makers continue with a previous course of action beyond what rational models of decision making would prescribe. This happens even when it becomes clear that the course of action is not successful or unlikely to be successful. The decision makers may become emotionally attached to the idea or project, and thus persist with it even when objectively it does not make sense.

Which of the Following Best Describes Nonrational Escalation of Commitment