Irrational Escalation of Commitment Is an Example Of

question 2

Multiple Choice

Irrational escalation of commitment is an example of:

• A)Cognitive bias.
• B)Emotional bias.
• C)Perception error.
• D)Extremism.

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Definitions:

Grow

To increase in size, amount, or intensity over time.

Invest

To allocate resources, typically money, with the expectation of achieving a future benefit or return.

Total

The sum of values or items added together, representing the overall amount or quantity.

Months

Units of time, approximately 1/12th of a year, used in calendars to segment time.