Escalating Commitment Is the Tendency of Decision Makers to Overestimate

question 9

True/False

Escalating commitment is the tendency of decision makers to overestimate their ability to control activities and events.

---

Definitions:

Charismatic

Relating to a personal quality that enables an individual to influence, attract, and inspire others through their presence, speech, or actions.

Behavioral Role Modeling

The process by which individuals learn and adopt behaviors by observing the actions of others, particularly those they consider as role models.

Simulations

Artificial representations of real-world processes or systems for the purpose of research, training, or testing.

Behaviors

Observable actions or reactions of individuals, often studied in psychology and organizational behavior.