Examlex
Members of the Phylum Sipuncula are also known as the
Escalated Commitment
A pattern of behavior in which an individual or group continues to rationalize their decisions, invest additional resources, and follow a failing course of action.
Risky Shift
The tendency for groups to make riskier decisions than the average risk initially advocated by their individual members.
Faulty Hindsight
The misinterpretation or incorrect analysis of past events, often seeing them as more predictable than they actually were.
Previous Sunk Costs
Refers to resources that have already been spent and cannot be recovered.
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