In mediation, we often come across parties who have invested so much into litigation, in terms of either time or money, that they are driven to continue with a case even in the face of likely loss. The world of gambling calls this "pot committed.”
A poker player is pot committed when there is no better option than continued play of a losing hand. The term is often used to justify continued play where the player has bet significantly into the pot (the sunk costs philosophy). I have experience with this from years of playing high-stakes, professional Texas hold ’em poker. And, by that I mean, all the movies I've watched about gambling.
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The American Lawyer
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