Peter, the owner of a local real estate agency, is even more committed to making the used copier, which he recently purchased, work even though it keeps jamming, and his employees have been telling him about other problems they have been having with the copier. The affects Peter's decision making.

Escalation of commitment bias

Explanation:

Escalation of commitment bias -

It refers to the tendency of the human behavior , where the people or the group of people faces some negative outcomes  of certain decision or action , is referred to as escalation of commitment bias .

In this scenario tends to do the same thing after and after gain , ignoring the difficulty and problem , the other people are facing by the activity  .

Hence , from the given scenario of the question ,

The correct answer is Escalation of commitment bias  .

answer; /// the above statement is (true);

answer; case studies;