As some Republicans express buyer's remorse about Donald Trump's selection of J.D. Vance as the “worst choice” for vice president and Joe Biden ditches his stubbornness about staying in the 2024 ...

Many managers are susceptible to the famous sunk cost effect, whereby they persist investing in a money-losing project even when it makes sense to invest the new money in alternative new projects. The ...

Overplanning can kill adaptability. Learn how to escape the strategy trap by treating plans as hypotheses and building ...

I implement a novel experimental design that separately identifies the screening, signaling, and sunk-cost effects of price. The design requires elements from both lab and field experimentation.

Escalation of commitment in decision making describes the phenomenon whereby individuals or organisations persist with a failing course of action despite evidence indicating that continued investment ...

Have you continued with a project long after you should have abandoned it? Persevered with a relationship even after the point of no return? Dragged yourself to an event in miserable weather just ...