文章基本信息

标题：Can group decision-making mitigate propensity of escalating commitment?
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作者：Zhiyuan Liu ; Qing Liu
期刊名称：Frontiers of Business Research in China
印刷版ISSN：1673-7326
电子版ISSN：1673-7431
出版年度：2008
卷号：2
期号：1
页码：33-49
DOI：10.1007/s11782-008-0003-x
出版社：Higher Education Press, co-published with Springer-Verlag GmbH
摘要：Escalation of commitment is a well-known investment trap, which is irrational from an economic point of view but inevitable due to psychological factors. Based on a role-playing experiment, this paper intends to analyze the impact of different effects of the prospect theory on the tendency of escalating commitment in different decision-making processes, and discusses whether certain decision-making processes can mitigate the tendency of escalating commitment. Our empirical results indicate that groups with prior individual consideration can make better decisions involving effects of the prospect theory than individuals and groups.
关键词：escalation of commitment; group decision-making; prospect theory
其他关键词：恶性增资，集体决策，前景理论