Pushing through the tension while stuck in the mud: Paradox mindset and escalation of commitment
Dustin J. Sleesman
Organizational Behavior and Human Decision Processes, 2019, vol. 155, issue C, 83-96
Abstract:
After investing resources in a course of action that is currently failing, individuals face the difficult and complex decision of how to respond to it. Extant research indicates that this situation entails a paradoxical tension: individuals feel compelled to continue the failing course, while also feeling pulled to respond to its negative feedback. I argue that individuals with a paradox mindset (i.e., the extent to which they accept and are energized by tensions) will respond to the situation by developing a sense of optimism about being able to successfully work through it. Four experiments demonstrate that a paradox mindset is associated with optimism and persistence with a failing course. However, these relationships are largely attenuated in situations where an alternative course of action is salient. This research offers a fresh perspective on the escalation of commitment phenomenon, and it helps to establish the boundary conditions for the effects of paradox mindset.
Keywords: Escalation of commitment; Paradox mindset; Sunk cost; Persistence; Optimism; Cognition; Decision making (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (4)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jobhdp:v:155:y:2019:i:c:p:83-96
DOI: 10.1016/j.obhdp.2019.03.008
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