ESCALATION OF COMMITMENT

The continued committment and allocation of resources to a course of action that is failing in the hope of recouping losses. Also called creeping committment.

ESCALATION OF COMMITMENT: "Joe made an escalation of committment in the hope his luck would change at the roulette table."
Cite this page: Nugent, Pam M.S., "ESCALATION OF COMMITMENT," in PsychologyDictionary.org, April 7, 2013, https://psychologydictionary.org/escalation-of-commitment/ (accessed September 24, 2018).
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