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Published in 2023 at "Frontiers in Psychology"
DOI: 10.3389/fpsyg.2022.1025181
Abstract: Two potentially costly errors are common in sequential investment decisions: sticking too long to a failing course of action (escalation of commitment), and abandoning a successful course of action prematurely. Past research has mostly focused…
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Keywords:
responsibility preferences;
decision makers;
decision;
prior decisions ... See more keywords