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escalating commitment

continued commitment and increased allocation of resources to a failing course of action, often in the hope of recouping past losses associated with that course of action. It is often associated with expenditures and decision making in the development of new products, when a company increases the allocation of resources to a failing product, regardless of the low probability of its success, in an attempt to recover some of its initial investment.

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Psychology term of the day

May 9th 2024

anthropometry

anthropometry

n.

1. the scientific study of how the size and proportions of the human body are affected by such variables as age, sex, and ethnicity.

2. the taking of measurements of the human body for purposes of comparison and study. —anthropometric adj. —anthropometrist n.