Having Committed Large Amounts of Manpower and Money to His

question 70

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:

Values Included

Ensuring that principles and standards of behavior considered important by individuals or groups are integral to decision-making processes and actions.

Commitment To Values

A dedication or pledge to uphold and act according to specific principles or standards of behavior.

Pragmatic Incrementalism

A strategy that involves making continuous, small-scale improvements or changes in a practical and realistic manner to achieve a larger goal.

Serving The Public

The act or process of providing services, making decisions, or conducting work that benefits or is intended to benefit the general public.