What is the epistemic status of this claim? e.g is it based on well established evidence beyond hearsay and personal opinion? How does it relate to other well-established cognitive biases such as the sunk-costs fallacy? Alternatively, are you conjecturing that there is a new kind of cognitive bias (that psychologists have not yet hypothesized) that causes people to persist with failing projects when it is irrational to do so? If so, how could it be experimentally tested?
What is the epistemic status of this claim? e.g is it based on well established evidence beyond hearsay and personal opinion? How does it relate to other well-established cognitive biases such as the sunk-costs fallacy? Alternatively, are you conjecturing that there is a new kind of cognitive bias (that psychologists have not yet hypothesized) that causes people to persist with failing projects when it is irrational to do so? If so, how could it be experimentally tested?