Pala, Özge; Vriens, Dirk J; Vennix, Jac AM - In: Journal of the Operational Research Society 66 (2015) 4, pp. 593-601
Escalation of commitment, the tendency of decision makers to keep on investing in losing courses of action, has been shown to be a costly decision bias that affects many areas of decision making. Even though escalation is a widely studied phenomenon, there has been comparatively little research...