Escalation of Commitment Is Also Known as "Sunken Cost Fallacy

question 161

True/False

Escalation of commitment is also known as "sunken cost fallacy."

---

Definitions:

Children

Young human beings who are not yet adults, often defined as persons under the age of 18 years.

Trick

A cunning or skillful act or scheme intended to deceive or outwit someone.

Kinesthetic Sense

The sense that detects bodily position, weight, or movement of the muscles, tendons, and joints.

Coordination

The organization of different elements or parts so as to enable them to work together efficiently, often seen in physical movements and organizational tasks.