Escalation of Commitment Occurs When Decisions Must Be Made with Limited

question 82

True/False

Escalation of commitment occurs when decisions must be made with limited information because decision makers do not have full knowledge and cannot determine even a reasonable probability of alternative outcomes.

---

Definitions:

Appropriate Culture

A culture or environment that is suitable and fitting for its members, respecting their needs, values, and norms.

Law of Probability

A mathematical principle that quantifies the likelihood of events occurring, based on the ratio of favorable outcomes to the total number of possible outcomes.

Formation Forces

Describes the various factors that influence the creation and shaping of individual or group identities and behaviors.

Social Psychologists

Scientists who specialize in understanding how people’s thoughts, feelings, and behaviors are influenced by the actual, imagined, or implied presence of others.