Marlin had a small construction company that couldn't take all the business that came to it$,$ so Marlin hired more workers and expanded his business rapidly. Then a

recession hit and business dropped off, but Marlin decided to keep' all of his workers on payroll and even hire a few more until it picked up again. When it didn't, Marlin went

out of business due to his high costs. Which source of cognitive bias did Marlin exhibit?

Multiple Choice

illusion of control

confirmation bias

representativeness bias

escalating commitment