Escalation of Commitment Is Also Known as "Sunken Cost Fallacy

question 161

True/False

Escalation of commitment is also known as "sunken cost fallacy."

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Definitions:

Militarized Policy

Government or organizational policies that emphasize the use of military force or solutions, often leading to an increased military presence or activity.

Foreign Policy

A government's strategy in dealing with other nations, determining how it interacts through diplomacy, trade, aid, and military force.