"Throwing good money after bad" refers to the ____ decision trap.

A) escalation of commitment
B) framing error
C) satisficing
D) dollar cost averaging
E) overconfidence

Escalation of Commitment

The phenomenon where individuals or organizations continue to invest in a decision despite evidence of its ineffectiveness, often to justify previous investments.

Dollar Cost Averaging

An investment strategy that involves regularly investing a fixed amount of money, regardless of the share price, to reduce the impact of volatility.

Framing Error

A cognitive bias involving the presentation or "framing" of information in a way that influences decision making or perception.