The “escalation phenomenon” (Staw 1976; Staw and Ross 1978) refers to the tendency for decision makers to “throw good money after bad,” that is, to invest beyond the point where benefits equal costs. The commonly accepted view is that such 'escalation” occurs as a result of decision makers becoming overcommitted to a previously chosen course of action through a series of decision errors. This paper presents a generic system dynamics model of resource recommitment behavior that is able to produce “escalation” without the presence of decision error. Implications of this model to the theory and practice of project management are discussed.

This is the whole item.

Date created

• 1988

Type

• Document

Processing Activity

• Processing documentation available at: https://wiki.albany.edu/display/SCA/Processing+Ingested+Digital+Files

License

• Creative Commons BY-NC-ND Attribution-NonCommercial-NoDerivs 4.0 International

  
  Contact Us for questions or additional rights.

ITEM CONTEXT

Part of

ff3ca29802c9b5ed0bd77a0a9e76375a

Scope and Contents

Part of

74bc8d76f7112f877dcc1bed073089e6

Scope and Contents

Part of

23d738ba88f8333bc39725f9cb5bd0b8

Scope and Contents

Collection

System Dynamic Society Records

Scope and Contents

Collecting area

• This collection is part of the University Archives