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TY - GEN
ID - cogprints5183
UR - http://cogprints.org/5183/
A1 - Armstrong, J. Scott
A1 - Coviello, Nicole
A1 - Safranek, Barbara
Y1 - 1993///
N2 - Escalation bias implies that managers favor reinvestments in projects that are doing poorly over those doing well. We tested this implication in a marketing context by conducting experiments on advertising and product-design decisions. Each situation was varied to reflect either a long-term or a short-term decision. Besides these four conditions, we conducted three replications. We found little evidence of escalation bias by 365 subjects in the seven experimental comparisons.
TI - Escalation Bias: Does It Extend to Marketing?
SP - 247
AV - public
EP - 253
ER -