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Escalation of commitment is a major factor in preventable failures. Ironically, it can be fueled by one of the most celebrated engines of success: grit. Grit is the combination of passion and perseverance, and research shows that it can play an important role in motivating us to accomplish long-term goals. When it comes to rethinking, though, grit may have a dark side. Experiments show that gritty people are more likely to overplay their hands in roulette and more willing to stay the course in tasks at which they’re failing and success is impossible.

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Spencer explained the downside of grit: “I know plenty of people for whom grit is a liability because it allows them to stick with something that makes them or others miserable and towards no long-term good aim. The alternative of which is the thing that you would most like to do that would bring you the most joy and might bring other people the most joy or be the most productive.

"To be successful in our quest for happiness, we need to tackle life with the grit, determination, and persistence necessary to achieve meaningful goals, whilst possessing a protective armor against possible, even likely, failures. Successful individuals are almost always "anti-fragile" when it comes to failure. They
lean from their failures but are not broken by them."

When we dedicate ourselves to a plan and it isn’t going as we hoped, our first instinct isn’t usually to rethink it. Instead, we tend to double down and sink more resources in the plan. This pattern is called escalation of commitment. Evidence shows that entrepreneurs persist with failing strategies when they should pivot, NBA general managers and coaches keep investing in new contracts and more playing time for draft busts, and politicians continue sending soldiers to wars that didn’t need to be fought in the first place.

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