Can group decision-making mitigate propensity of escalating commitment?
نویسندگان
چکیده
منابع مشابه
Escalation of Commitment in Individual and Group Decision Making
Previous research (cf. B. M. Staw, Academy of Management Review, 1981, 6, 577-587) has found that when managers are given negative feedback on an initial individual investment decision, they allocate more additional funds to that investment if they, rather than another member of their organization, made the initial allocation decision. Justification is thought to underlie this phenomenon. This ...
متن کاملPremature De-escalation in Response to Failed Investment: a Test of Escalating Commitment, Marginal Decision-making, and Mental Budgeting
Using sophisticated subjects in an environment that should make the norms of economic behavior highly salient (MBAs in a corporate finance class), we test three theories about how people respond to previous investments: escalating commitment, mental budgeting, and marginal decision making. The results support mental budgeting. PREMATURE DE-ESCALATION IN RESPONSE TO FAILED INVESTMENT: A TEST OF ...
متن کاملCommitment-Based Decision Making for Bounded Agents
This paper explores ways to introduce commitment, as conceived in terms of plans and intentions, into decision theory. An intention-based representation theorem is proved, along with a proposal to model how plans simplify decision making for resource-bounded agents.
متن کاملGroup Decision Making
Authors’ Notes This chapter was written with the support of grants from the National Science Foundation to the first (SBR-9730822) and third (BCS-9905397) authors. Support to the second author was provided by the Grantin-Aid for Scientific Research 11610096 from the Ministry of Education, Culture, Sports, Science and Technology of Japan. The chapter was completed while the third author held a N...
متن کاملGroup performance and decision making.
Theory and research on small group performance and decision making is reviewed. Recent trends in group performance research have found that process gains as well as losses are possible, and both are frequently explained by situational and procedural contexts that differentially affect motivation and resource coordination. Research has continued on classic topics (e.g., brainstorming, group goal...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Frontiers of Business Research in China
سال: 2008
ISSN: 1673-7326,1673-7431
DOI: 10.1007/s11782-008-0003-x