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Introduction to Management
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Prior hypothesis, representativeness, illusion of control & _______________ are main types of Cognitive Bias.
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Escalating commitment
💡 Explanation:
Escalating commitment is a cognitive bias where an individual or group faces increasingly negative outcomes from a decision but continues the behavior instead of altering course. Along with prior hypothesis, representativeness, and illusion of control, it represents a major systematic error in decision-making.