Irrational escalations of commitment Paper instructions: After reading about irrational escalations of commitment (Ch. 6), study Wikipedia’s two entries for: Lock-in (decision making) http://en.wikipedia.org/wiki/Lock-in_(decision-making) Progress trap http://en.wikipedia.org/wiki/Progress_trap Consider how these two phenomena occur in modern society, particularly in commerce, like macro-level escalations of commitment. For both, insightfully describe a novel […]