The jackpot on a gaming machine has not 'dropped' for several weeks. Believing that the payout is imminent, a gambler feeds coins steadily to the machine. What does this behavior illustrate? (a) Escalation of commitment ; (b) A display of overconfidence (c) Decision making under uncertainty ; (d) Changing subjective probabilities

The jackpot on a gaming machine has not 'dropped' for several weeks. Believing that the payout is imminent, a gambler feeds coins steadily to the machine. What does this behavior illustrate? (a) Escalation of commitment ; (b) A display of overconfidence (c) Decision making under uncertainty ; (d) Changing subjective probabilities
by

1 Answer

Answer :

(a) Escalation of commitment ;
by

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