{"id":"https://openalex.org/W1977256656","doi":"https://doi.org/10.1080/09537325.2015.1034674","title":"Escalation bias among technology entrepreneurs: the moderating effects of motivation and mental budgeting","display_name":"Escalation bias among technology entrepreneurs: the moderating effects of motivation and mental budgeting","publication_year":2015,"publication_date":"2015-04-20","ids":{"openalex":"https://openalex.org/W1977256656","doi":"https://doi.org/10.1080/09537325.2015.1034674","mag":"1977256656"},"language":"en","primary_location":{"id":"doi:10.1080/09537325.2015.1034674","is_oa":false,"landing_page_url":"https://doi.org/10.1080/09537325.2015.1034674","pdf_url":null,"source":{"id":"https://openalex.org/S130699561","display_name":"Technology Analysis and Strategic Management","issn_l":"0953-7325","issn":["0953-7325","1465-3990"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547"],"host_organization_lineage_names":["Taylor & Francis"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Technology Analysis & Strategic Management","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5059309935","display_name":"Jun Yang","orcid":"https://orcid.org/0000-0001-9271-0015"},"institutions":[{"id":"https://openalex.org/I205237279","display_name":"Nankai University","ror":"https://ror.org/01y1kjr75","country_code":"CN","type":"education","lineage":["https://openalex.org/I205237279"]},{"id":"https://openalex.org/I4210164282","display_name":"Entrepreneurial Ecosystems","ror":"https://ror.org/05jh6qs86","country_code":"US","type":"other","lineage":["https://openalex.org/I4210164282"]}],"countries":["CN","US"],"is_corresponding":false,"raw_author_name":"Jun Yang","raw_affiliation_strings":["Research Center of Entrepreneurial Management; Nankai Business School, Nankai University, No. 94, Weijin Road, Tianjin, People's Republic of China","Nankai Business School, Nankai University, No. 94, Weijin Road, Tianjin, People's Republic of China","Research Center of Entrepreneurial Management"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Research Center of Entrepreneurial Management; Nankai Business School, Nankai University, No. 94, Weijin Road, Tianjin, People's Republic of China","institution_ids":["https://openalex.org/I205237279"]},{"raw_affiliation_string":"Nankai Business School, Nankai University, No. 94, Weijin Road, Tianjin, People's Republic of China","institution_ids":["https://openalex.org/I205237279"]},{"raw_affiliation_string":"Research Center of Entrepreneurial Management","institution_ids":["https://openalex.org/I4210164282"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5100747158","display_name":"Yiran Liu","orcid":"https://orcid.org/0000-0001-5437-1710"},"institutions":[{"id":"https://openalex.org/I205237279","display_name":"Nankai University","ror":"https://ror.org/01y1kjr75","country_code":"CN","type":"education","lineage":["https://openalex.org/I205237279"]},{"id":"https://openalex.org/I4210164282","display_name":"Entrepreneurial Ecosystems","ror":"https://ror.org/05jh6qs86","country_code":"US","type":"other","lineage":["https://openalex.org/I4210164282"]}],"countries":["CN","US"],"is_corresponding":true,"raw_author_name":"Yiran Liu","raw_affiliation_strings":["Research Center of Entrepreneurial Management; Nankai Business School, Nankai University, No. 94, Weijin Road, Tianjin, People's Republic of China","Research Center of Entrepreneurial Management","Nankai Business School, Nankai University, No. 94, Weijin Road, Tianjin, People's Republic of China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Research Center of Entrepreneurial Management; Nankai Business School, Nankai University, No. 94, Weijin Road, Tianjin, People's Republic of China","institution_ids":["https://openalex.org/I205237279"]},{"raw_affiliation_string":"Research Center of Entrepreneurial Management","institution_ids":["https://openalex.org/I4210164282"]},{"raw_affiliation_string":"Nankai Business School, Nankai University, No. 94, Weijin Road, Tianjin, People's Republic of China","institution_ids":["https://openalex.org/I205237279"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5066285868","display_name":"Yuli Zhang","orcid":"https://orcid.org/0000-0002-9382-6308"},"institutions":[{"id":"https://openalex.org/I205237279","display_name":"Nankai University","ror":"https://ror.org/01y1kjr75","country_code":"CN","type":"education","lineage":["https://openalex.org/I205237279"]},{"id":"https://openalex.org/I4210164282","display_name":"Entrepreneurial Ecosystems","ror":"https://ror.org/05jh6qs86","country_code":"US","type":"other","lineage":["https://openalex.org/I4210164282"]}],"countries":["CN","US"],"is_corresponding":false,"raw_author_name":"Yuli Zhang","raw_affiliation_strings":["Research Center of Entrepreneurial Management; Nankai Business School, Nankai University, No. 94, Weijin Road, Tianjin, People's Republic of China","Research Center of Entrepreneurial Management","Nankai Business School, Nankai University, No. 94, Weijin Road, Tianjin, People's Republic of China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Research Center of Entrepreneurial Management; Nankai Business School, Nankai University, No. 94, Weijin Road, Tianjin, People's Republic of China","institution_ids":["https://openalex.org/I205237279"]},{"raw_affiliation_string":"Research Center of Entrepreneurial Management","institution_ids":["https://openalex.org/I4210164282"]},{"raw_affiliation_string":"Nankai Business School, Nankai University, No. 94, Weijin Road, Tianjin, People's Republic of China","institution_ids":["https://openalex.org/I205237279"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5101850566","display_name":"Hao Chen","orcid":"https://orcid.org/0000-0002-7543-5194"},"institutions":[{"id":"https://openalex.org/I205237279","display_name":"Nankai University","ror":"https://ror.org/01y1kjr75","country_code":"CN","type":"education","lineage":["https://openalex.org/I205237279"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Hao Chen","raw_affiliation_strings":["Zhou Enlai School of Government, Nankai University, Tianjin, People's Republic of China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Zhou Enlai School of Government, Nankai University, Tianjin, People's Republic of China","institution_ids":["https://openalex.org/I205237279"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5102948389","display_name":"Fang Niu","orcid":"https://orcid.org/0000-0002-6822-5834"},"institutions":[{"id":"https://openalex.org/I205237279","display_name":"Nankai University","ror":"https://ror.org/01y1kjr75","country_code":"CN","type":"education","lineage":["https://openalex.org/I205237279"]},{"id":"https://openalex.org/I4210164282","display_name":"Entrepreneurial Ecosystems","ror":"https://ror.org/05jh6qs86","country_code":"US","type":"other","lineage":["https://openalex.org/I4210164282"]}],"countries":["CN","US"],"is_corresponding":false,"raw_author_name":"Fang Niu","raw_affiliation_strings":["Research Center of Entrepreneurial Management; Nankai Business School, Nankai University, No. 94, Weijin Road, Tianjin, People's Republic of China","Nankai Business School, Nankai University, No. 94, Weijin Road, Tianjin, People's Republic of China","Research Center of Entrepreneurial Management"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Research Center of Entrepreneurial Management; Nankai Business School, Nankai University, No. 94, Weijin Road, Tianjin, People's Republic of China","institution_ids":["https://openalex.org/I205237279"]},{"raw_affiliation_string":"Nankai Business School, Nankai University, No. 94, Weijin Road, Tianjin, People's Republic of China","institution_ids":["https://openalex.org/I205237279"]},{"raw_affiliation_string":"Research Center of Entrepreneurial Management","institution_ids":["https://openalex.org/I4210164282"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5100747158"],"corresponding_institution_ids":["https://openalex.org/I205237279","https://openalex.org/I4210164282"],"apc_list":null,"apc_paid":null,"fwci":3.3225,"has_fulltext":false,"cited_by_count":14,"citation_normalized_percentile":{"value":0.92241379,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":97},"biblio":{"volume":"27","issue":"6","first_page":"693","last_page":"708"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10058","display_name":"Entrepreneurship Studies and Influences","score":0.9919000267982483,"subfield":{"id":"https://openalex.org/subfields/1405","display_name":"Management of Technology and Innovation"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10058","display_name":"Entrepreneurship Studies and Influences","score":0.9919000267982483,"subfield":{"id":"https://openalex.org/subfields/1405","display_name":"Management of Technology and Innovation"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11849","display_name":"Intellectual Capital and Performance Analysis","score":0.9751999974250793,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10003","display_name":"Innovation and Knowledge Management","score":0.9699000120162964,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/expectancy-theory","display_name":"Expectancy theory","score":0.7936592102050781},{"id":"https://openalex.org/keywords/entrepreneurship","display_name":"Entrepreneurship","score":0.6867769956588745},{"id":"https://openalex.org/keywords/context","display_name":"Context (archaeology)","score":0.6364234685897827},{"id":"https://openalex.org/keywords/set","display_name":"Set (abstract data type)","score":0.5594928860664368},{"id":"https://openalex.org/keywords/mental-accounting","display_name":"Mental accounting","score":0.4781642556190491},{"id":"https://openalex.org/keywords/psychology","display_name":"Psychology","score":0.4642399549484253},{"id":"https://openalex.org/keywords/escalation-of-commitment","display_name":"Escalation of commitment","score":0.4314948320388794},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.3872084617614746},{"id":"https://openalex.org/keywords/social-psychology","display_name":"Social psychology","score":0.30630412697792053},{"id":"https://openalex.org/keywords/microeconomics","display_name":"Microeconomics","score":0.28568869829177856},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.0907750129699707}],"concepts":[{"id":"https://openalex.org/C188353592","wikidata":"https://www.wikidata.org/wiki/Q450586","display_name":"Expectancy theory","level":2,"score":0.7936592102050781},{"id":"https://openalex.org/C84309077","wikidata":"https://www.wikidata.org/wiki/Q3908516","display_name":"Entrepreneurship","level":2,"score":0.6867769956588745},{"id":"https://openalex.org/C2779343474","wikidata":"https://www.wikidata.org/wiki/Q3109175","display_name":"Context (archaeology)","level":2,"score":0.6364234685897827},{"id":"https://openalex.org/C177264268","wikidata":"https://www.wikidata.org/wiki/Q1514741","display_name":"Set (abstract data type)","level":2,"score":0.5594928860664368},{"id":"https://openalex.org/C159144042","wikidata":"https://www.wikidata.org/wiki/Q1107958","display_name":"Mental accounting","level":2,"score":0.4781642556190491},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.4642399549484253},{"id":"https://openalex.org/C158981924","wikidata":"https://www.wikidata.org/wiki/Q3799353","display_name":"Escalation of commitment","level":2,"score":0.4314948320388794},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3872084617614746},{"id":"https://openalex.org/C77805123","wikidata":"https://www.wikidata.org/wiki/Q161272","display_name":"Social psychology","level":1,"score":0.30630412697792053},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.28568869829177856},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.0907750129699707},{"id":"https://openalex.org/C199360897","wikidata":"https://www.wikidata.org/wiki/Q9143","display_name":"Programming language","level":1,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1080/09537325.2015.1034674","is_oa":false,"landing_page_url":"https://doi.org/10.1080/09537325.2015.1034674","pdf_url":null,"source":{"id":"https://openalex.org/S130699561","display_name":"Technology Analysis and Strategic Management","issn_l":"0953-7325","issn":["0953-7325","1465-3990"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547"],"host_organization_lineage_names":["Taylor & Francis"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Technology Analysis & Strategic Management","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[{"score":0.6700000166893005,"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth"}],"awards":[{"id":"https://openalex.org/G5663271231","display_name":null,"funder_award_id":"70732004,70902050,71272186","funder_id":"https://openalex.org/F4320321001","funder_display_name":"National Natural Science Foundation of China"}],"funders":[{"id":"https://openalex.org/F4320321001","display_name":"National Natural Science Foundation of China","ror":"https://ror.org/01h0zpd94"}],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":71,"referenced_works":["https://openalex.org/W655256701","https://openalex.org/W1499722372","https://openalex.org/W1506682027","https://openalex.org/W1518638857","https://openalex.org/W1553961907","https://openalex.org/W1557998370","https://openalex.org/W1577898010","https://openalex.org/W1588086203","https://openalex.org/W1743501976","https://openalex.org/W1968027253","https://openalex.org/W1971968755","https://openalex.org/W1977533203","https://openalex.org/W1994789696","https://openalex.org/W1995071661","https://openalex.org/W1997063670","https://openalex.org/W1999797626","https://openalex.org/W2004678447","https://openalex.org/W2009248339","https://openalex.org/W2010123235","https://openalex.org/W2010348256","https://openalex.org/W2011478085","https://openalex.org/W2021245278","https://openalex.org/W2021262337","https://openalex.org/W2022048110","https://openalex.org/W2029374995","https://openalex.org/W2030747846","https://openalex.org/W2031655843","https://openalex.org/W2035813103","https://openalex.org/W2041967587","https://openalex.org/W2042888638","https://openalex.org/W2054455292","https://openalex.org/W2083771381","https://openalex.org/W2084389751","https://openalex.org/W2091066942","https://openalex.org/W2098854622","https://openalex.org/W2104256545","https://openalex.org/W2108172669","https://openalex.org/W2111441838","https://openalex.org/W2112153627","https://openalex.org/W2112397712","https://openalex.org/W2118430729","https://openalex.org/W2120864000","https://openalex.org/W2122517769","https://openalex.org/W2124733286","https://openalex.org/W2133469585","https://openalex.org/W2136690337","https://openalex.org/W2141846678","https://openalex.org/W2143280243","https://openalex.org/W2158222839","https://openalex.org/W2165749522","https://openalex.org/W2171507395","https://openalex.org/W2502088567","https://openalex.org/W2506618771","https://openalex.org/W2806053047","https://openalex.org/W2997960800","https://openalex.org/W3011865677","https://openalex.org/W3019273456","https://openalex.org/W3123297650","https://openalex.org/W3124844958","https://openalex.org/W3125370866","https://openalex.org/W3125484976","https://openalex.org/W4234307646","https://openalex.org/W4236087680","https://openalex.org/W4236647735","https://openalex.org/W4236729222","https://openalex.org/W4236837198","https://openalex.org/W4242861373","https://openalex.org/W4242883546","https://openalex.org/W4254295275","https://openalex.org/W4255201628","https://openalex.org/W4285719527"],"related_works":["https://openalex.org/W2899084033","https://openalex.org/W2067108088","https://openalex.org/W4246049162","https://openalex.org/W2016607578","https://openalex.org/W2059399538","https://openalex.org/W4234858211","https://openalex.org/W2035655022","https://openalex.org/W2018788837","https://openalex.org/W2028476291","https://openalex.org/W1549466291"],"abstract_inverted_index":{"Persisting":[0],"despite":[1],"negative":[2],"feedback":[3],"is":[4],"a":[5,16,36],"cognitive":[6],"bias":[7],"termed":[8],"escalation":[9,43,62,100],"of":[10,22,42,44,69,82,87],"commitment":[11,45,61],"bias.":[12],"It":[13,74],"can":[14,27],"be":[15,29],"useful":[17],"weakness":[18],"in":[19],"the":[20,40,66,78,83,104],"context":[21,38],"technology":[23,94],"entrepreneurship,":[24],"but":[25],"it":[26],"also":[28],"very":[30],"costly.":[31],"This":[32,54],"makes":[33],"such":[34],"entrepreneurship":[35],"fruitful":[37],"for":[39,119],"study":[41,55],"to":[46,59,99],"its":[47],"inherent":[48],"uncertainty,":[49],"challenge,":[50],"and":[51,71,102,113],"trial-and-error":[52],"decision-making.":[53],"applied":[56],"expectancy":[57],"theory":[58],"explore":[60],"as":[63,65],"well":[64],"moderating":[67],"effects":[68],"motivation":[70],"mental":[72,117],"budgeting.":[73],"analysed":[75],"data":[76],"from":[77],"first":[79],"two":[80],"waves":[81],"Chinese":[84],"Panel":[85],"Study":[86],"Entrepreneurial":[88],"Dynamics.":[89],"The":[90],"results":[91],"indicate":[92],"that":[93,103],"entrepreneurs":[95],"are":[96,110],"especially":[97],"susceptible":[98],"bias,":[101],"relationship":[105],"becomes":[106],"stronger":[107],"when":[108],"they":[109],"intrinsically":[111],"motivated":[112],"have":[114],"set":[115],"no":[116],"budget":[118],"their":[120],"venture's":[121],"activities.":[122]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":2},{"year":2020,"cited_by_count":2},{"year":2019,"cited_by_count":3},{"year":2018,"cited_by_count":3},{"year":2017,"cited_by_count":1},{"year":2016,"cited_by_count":1}],"updated_date":"2026-07-27T08:26:11.824852","created_date":"2025-10-10T00:00:00"}