escalation of commitment
1 statements across 1 episodes · 0 bullish · 0 bearish · 1 people on the record · first statement Oct 3, 2022 by Annie Duke · across every show →
Everything said about escalation of commitment, oldest first
Oct 3, 2022
Duke: Negative news causes people to double down rather than quit
“Escalation of commitment, simply put, is like this, we have the intuition that when we get bad news, that we'll stop doing what we're doing. And actually, we don't stop. When we get bad news, we actually double down. We escalate our commitment to the cause.”