Which statement best describes escalating commitment?

Individuals reach conclusions based on a small sample size or otherwise limited data, thereby violating the law of large numbers.

Individuals use simple analogies to explain complex problems, even though the two ideas in question may be very different from each other.

Individuals search only for information that confirms their existing beliefs and ignore evidence that contradicts those beliefs.

Individuals acting as decision makers continue to support and invest in a project despite feedback indicating that it will fail.