Decision Making Scenarios
Coaching Tip
MARCH 25, 2014
Cialdini, author of "The Psychology of Persuasion" (William Morrow, 1993). Sunk-Cost . We know rationally that sunk costs are irrelevant to present decisions, but they nevertheless lead to inappropriate choices. Be on the lookout for the influence of sunk-cost biases in subordinates’ decisions and recommendations.
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