Chandra is planning a team-building weekend trip and wants the trip to take place at Goa. However, he is unable to find a venue that can accommodate the team at a reasonable price. So he gives up, and does the team-building weekend in the office building itself. What bias or error is done here by Chandra?
Commitment bias,or escalation of commitment, is described as the tendency to remain committed to our past behaviors/thought or idea, even if they do not have desirable outcomes. Here, Chandra was committed to the idea of meeting in Goa. He likely could have planned a good trip at a different location, but since he did not give up the idea in time, he ended up having a lack-luster event.
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