Examlex
Research has shown that:
Decision Process
The series of steps taken by individuals or organizations to identify and evaluate options and make a choice among them.
Escalation of Commitment
A pattern of behavior in which individuals or groups continue to invest in a decision despite evidence of its ineffectiveness, often due to cognitive biases.
Intuition
A cognitive process that enables people to make decisions without the use of analytical reasoning.
Escalation of Commitment
A behavioral phenomenon where an individual or group continues to invest in a decision despite evidence of its failure, often because of the resources already committed.
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