Escalation of commitment is a pattern of decision-making in which individuals or groups continue to invest in a chosen course of action despite mounting evidence that the decision is wrong or that the project is unlikely to succeed. The phenomenon has been studied in organizational behavior, economics, psychology, and sociology.
Escalation of commitment is a pattern of decision-making in which individuals or groups continue to invest in a chosen course of action despite mounting evidence that the decision is wrong or that the project is unlikely to succeed. The phenomenon has been studied in organizational behavior, economics, psychology, and sociology.
Source: Wikipedia "Escalation of commitment" · CC BY-SA 4.0
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