Commitment bias, also known as escalation of commitment, is a cognitive bias that refers to the tendency of individuals to persist in a course of action, even when that action is no longer beneficial or rational. The bias is characterized by a continued investment of time, money, or resources in a chosen course of action, despite mounting evidence that the course of action is failing or unlikely to succeed. In this article, we will explore the concept of commitment bias, its origins, and its implications in decision-making. Read More