Asked by Christopher Flores on Jul 11, 2024
Verified
Escalation of commitment is more likely to occur when the perceived costs of terminating the project are high or unknown.
Escalation of Commitment
A behavioral pattern where individuals or groups continue to invest in a decision despite new evidence suggesting that the decision was wrong.
Perceived Costs
The assumed disadvantages, losses, or negative outcomes associated with a particular decision or behavior.
- Identify the effects of systematic evaluation, escalation of commitment, and post-decisional justification on decision quality.
Verified Answer
KC
Karinna CarballoJul 16, 2024
Final Answer :
True
Explanation :
Escalation of commitment is the tendency to continue investing resources, even when a project is not likely to succeed, due to prior investment in the project. This is more likely to occur when the perceived costs of terminating the project are high or unknown, as individuals would fear losing the investment they have already made.
Learning Objectives
- Identify the effects of systematic evaluation, escalation of commitment, and post-decisional justification on decision quality.