Escalation of Commitment

question 52

Multiple Choice

Escalation of commitment

• A)involves committing more and more resources to a failing course of action.
• B)illustrates how decision makers often ignore sunk costs.
• C)only occurs when the decision maker is responsible for beginning a course of action.
• D)runs counter to the general tendency for decision makers to try to justify their actions.
• E)is the most common outcome of information overload.

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Definitions:

Fundamental Attribution Error

The inclination to excessively focus on individual traits while disregarding the influence of the context when evaluating the actions of others.

Motivation

The driving force behind an individual's actions, desires, and needs.

Political Conservatives

Individuals who generally prefer to uphold traditional values and are cautious about embracing change or innovation, often emphasizing free enterprise, private ownership, and socially conservative ideas.

Political Liberals

Individuals who typically advocate for social equality, personal freedoms, and governmental interventions to address social inequalities.