NONRATIONAL ESCALATION OF COMMITMENT

Nonrational Escalation Of Commitment

Nonrational Escalation Of Commitment

Question 1

The first inquiry is by recognising the likely initial conclusions, the person(s) who could make it, and the person(s) who may escalate the commitment to that decision. Tendency to invest added assets in an evidently mislaying proposition, leveraged by effort, cash, and time currently invested. Escalation of commitment was first recounted by Barry M. Staw in his 1976 paper, "Knee deep in the large-scale muddy: A study of escalating commitment to a selected course of action" (Bobocel Meyer 2004 15). More lately the period gone under cost fallacy has been utilised ...