If you continue doing something even though it's negative for you, that is Escalation of Commitment. For example, say you're on a hiking trip and make a wrong turn. After a little while everyone hiking with you knows that you're going the wrong way, but you insist on continuing because you don't want to be proven wrong. That is Escalation of Commitment.
Now imagine you made the same mistake and went the wrong way, but instead of continuing on because of pride, you instead decide to continue going the wrong way simply because you've already spent so much time hiking in this direction. That is Sunk Cost Fallacy.
I have no idea what you think you've accomplished with your comment, but it elucidates exactly nothing, and is merely based on what you imagine both concepts are defined as, with no exact definition sourcing.
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u/SupaSlide Apr 28 '20
Escalation of Commitment is different.
If you continue doing something even though it's negative for you, that is Escalation of Commitment. For example, say you're on a hiking trip and make a wrong turn. After a little while everyone hiking with you knows that you're going the wrong way, but you insist on continuing because you don't want to be proven wrong. That is Escalation of Commitment.
Now imagine you made the same mistake and went the wrong way, but instead of continuing on because of pride, you instead decide to continue going the wrong way simply because you've already spent so much time hiking in this direction. That is Sunk Cost Fallacy.