Having Committed Large Amounts of Manpower and Money to His

question 46

Multiple Choice

Having committed large amounts of manpower and money to his landscaping business, Tony continues to keep the business running despite incurring heavy losses. What is the source of Tony's cognitive bias?

• A) Escalating commitment
• B) Illusion of control
• C) Prior hypothesis bias
• D) Representativeness bias
• E) Dialectical inquiry

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Definitions:

Paradigm Shift

A fundamental change in approach or underlying assumptions in a scientific discipline or other field of study.

Positive Psychology

A branch of psychology focused on the study of positive emotions, strengths-based character, and healthy, fulfilling life conditions.

Objectively Measure

The process of quantifying or evaluating an attribute or phenomenon in a way that is not influenced by personal feelings, interpretations, or prejudice.

Parsing Psychology

The process of analyzing and interpreting the mental and emotional components of human behavior typically in terms of language or cognition.