Examlex
Studies of the events leading up to the Challenger space shuttle disaster point to an escalation of commitment by decision makers.
Similarity To Other Situations
The degree to which a current scenario or issue replicates the aspects or conditions of a different situation previously encountered.
Confirmation Error
A cognitive bias involving the tendency to search for, interpret, favor, and recall information in a way that confirms one’s preexisting beliefs or hypotheses.
Decision Already Made
Decision already made refers to situations where a conclusion or resolution has been reached before discussing or presenting it to others, often making subsequent deliberations or inputs appear redundant.
Circular-Flow Diagram
A visual model that shows how goods, services, and money move through the economy in a circular manner between households and firms.
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