Escalation of committment involves following sequence of steps
(a) Occurrence of loss
(b) Self-Justification
(c) Strengthening by external factor
(d) Rational expectation of positive outcome
Choose the correct option:
1
(d) → (a) → (c) → (b)
2
(d) → (a) → (b) → (c)
3
(a) → (b) → (c) → (d)
4
(a) → (b) → (d) → (c)