Escalation in decision-making :: behavioural economics in business /

When a venture seems to be faltering, do you persist and hope that things will get better or do you cut your losses? Rich in case studies involving real business decisions and dilemmas, Escalation in Decision-Making reveals why social scientists believe that owners may not respond rationally to such...

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Bibliographische Detailangaben
1. Verfasser: Drummond, Helga
Weitere Verfasser: Hodgson, Julia, 1965-
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Farnham ; Burlington, Vt. : Gower, ©2011.
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Online-Zugang:Volltext
Zusammenfassung:When a venture seems to be faltering, do you persist and hope that things will get better or do you cut your losses? Rich in case studies involving real business decisions and dilemmas, Escalation in Decision-Making reveals why social scientists believe that owners may not respond rationally to such predicaments. Instead of exiting when the odds are clearly stacked against them, they re-invest and end up compounding their losses - a phenomenon known as escalation of commitment. Escalation in Decision Making is widely relevant to practitioners such as project managers in large organizations and.
Beschreibung:1 online resource (165 pages)
Bibliographie:Includes bibliographical references and index.
ISBN:9781409402374
1409402371
1317141709
9781317141709
1317141695
9781317141693
9786613047564
6613047562

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