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Can group decision-making mitigate propensity of escalating commitment?

  • 【作者】Zhiyuan Liu ,Qing Liu
  • 【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】33-49
  • 【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 differen...
  • 【文献类型】 期刊
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