This feels relevant.
And Escalation of Commitment: “a human behaviour pattern in which an individual or group facing increasingly negative outcomes from a decision, action, or investment nevertheless continue the behaviour instead of altering course. The actor maintains behaviours that are irrational, but align with previous decisions and actions.”
Russia is going really hard on this with Ukraine war
Yes. And I think it’s even worse than that. The war is the one thing left cementing Putin’s power. Once he stops, there’s nothing left except a broken country with a wrecked economy. So I think at this point he couldn’t cut his losses, even if the sunk cost fallacy weren’t a thing. And the population doesn’t really have any choice whether they want to pay for some hypothetical victory, because it’s a dictatorship.
