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Can group decision-making mitigate propensity of escalating commitment? ―An experimental research based on the prospect theory

  • 【作者】LIU Zhiyuan,LIU Qing
  • 【作者单位】1.School of Business, Nankai University, Tianjin 300071, China; 2.Department of Accounting, School of Business, Nankai University, Tianjin 300071, China;
  • 【年份】2008
  • 【卷号】Vol.2No.1
  • 【页码】33-50
  • 【ISSN】1673-7326
  • 【关键词】escalation of commitment group decision-making prospect theory 
  • 【摘要】 Escalation of commitment is a well-known investment trap, which is irrational from an economic point of view but inevitable due to psychological factors. Based on a role-playing experiment, this paper intends to analyze the impact of different effect...
  • 【文献类型】 期刊
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