Life’s chances and choices – A study of entrapment in career decisions with reference to Becker’s side bets theory

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Abstract
This paper explores a phenomenon known as entrapment. Entrapment refers to situations where people become “locked into” decisions through the passage of time as distinct from actively re‐investing in failing projects. The present study examines Becker’s so called “side bets” theory which suggests that entrapment results from extraneous investments made during the course of employment. The exploration is conducted via two contrasting case studies of solicitors, one successful, the other unsuccessful. Analysis suggests some support for Becker’s theme. More importantly the study reveals thatpost hocrationalization of events plays an important part in sustaining persistence. This insight raises a question. Do people become trapped by events as Becker suggests, or, do they largely imprison themselves?