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A man has spent all day gambling on the slot machines. He has lost $250. If an escalation of ...

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A man has spent all day gambling on the slot machines. He has lost $250. If an escalation of ...

A man has spent all day gambling on the slot machines. He has lost $250. If an escalation of commitment occurs, he will MOST LIKELY ________

▸ estimate higher future losses based on increases in inflation

▸ decide he shouldn't spend any more time gambling because he lost so much

▸ invest more money into the machine in an attempt to recoup his losses

▸ overestimate the times he will lose money gambling in the future

Textbook

Understanding and Managing Organizational Behavior

Edition: 6^th

Authors: George, Jones

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