منابع مشابه
Limited attention and status quo bias
We introduce and axiomatically characterize a model of status quo bias in which the status quo affects choices by both changing preferences and focusing attention. The resulting Limited Attention Status Quo Bias model can explain both the finding that status quo bias is more prevalent in larger choice sets and that the introduction of a status quo can change choices between non-status quo alter...
متن کاملProbabilistic dominance and status quo bias
Decision makers have a strong tendency to retain the status quo unless an alternative which may be a significant improvement comes along. This well-documented phenomenon is termed status quo bias. In many complicated choice problems governed by a status quo, decision makers consider alternatives that yield inferior outcomes in some criteria if they simultaneously yield improvements in a set of ...
متن کاملA regret-induced status quo bias.
A suboptimal bias toward accepting the status quo option in decision-making is well established behaviorally, but the underlying neural mechanisms are less clear. Behavioral evidence suggests the emotion of regret is higher when errors arise from rejection rather than acceptance of a status quo option. Such asymmetry in the genesis of regret might drive the status quo bias on subsequent decisio...
متن کاملStatus Quo Bias in Decision Making
Most real decisions, unlike those of economics texts, have a status quo alternative—that is, doing nothing or maintaining one's current or previous decision. A series of decision-making experiments shows that individuals disproportionately stick with the status quo. Data on the selections of health plans and retirement programs by faculty members reveal that the status quo bias is substantial i...
متن کاملBias in Favor of the Status Quo
People favor the existing and longstanding states of the world. Rational explanations for status quo maintenance are complemented by a number of non-rational mechanisms; loss aversion, regret avoidance, repeated exposure, and rationalization create a preference for existing states. We show that the status quo also benefits from a simple assumption of goodness due to mere existence and longevity...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2014
ISSN: 1556-5068
DOI: 10.2139/ssrn.2519242