Ambiguity Seeking as a Result of the Status Quo Bias
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چکیده
منابع مشابه
The Effect of Ambiguity on Status Quo Bias: An Experimental Study∗
We conduct an experiment to determine the effect of ambiguity on status quo bias. We find no evidence of the bias in the absence of ambiguity and when ambiguity is present both in the status quo option and the alternative. We do find evidence for status quo bias under asymmetric presence of ambiguity, i.e. when the status quo option is non-ambiguous and the alternative is, or when the status qu...
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Individuals’ tendency to stick to the current state of affairs, known as the status quo bias, has been widely documented over the past 30 years. Yet, the determinants of this phenomenon remain elusive. Following the intuition suggested by Bewley (1986), we conduct a systematic experiment exploring the role played by different types of uncertainty on the emergence of the bias. We find no bias wh...
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The problem of how to maximize growth of wealth was solved over half a century ago by Kelly and Breiman: maximize the expected value of the logarithm of wealth after each period. However, as living organisms we have evolved to maximize gene replication, not wealth. Natural selection is a slow process, so our minds today are adapted to seeking our ultimate goal of reproduction in the environment...
متن کاملIs Status Quo Bias Consistent with Downward-sloping Demand?
By now, there is a large experimental literature showing some kind of status quo bias. If the subject is given a coffee mug (candy bar) and later given the possibility of trading it for a candy bar (coffee mug) of equal value, the subject is likely to stick with the original allocation (Knetsch, 1989). Here, we ask whether status quo bias can be made consistent with downward-sloping demand curv...
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Objective: Illness Anxiety Disorder (IAD) has two subtypes, care-seeking type, and care-avoidant. There is little information about the differences between the two subtypes. Methods: This study was carried out to compare perfectionism and tolerance of ambiguity in the subtypes of the IAD. To this end, a causal-comparative design was employed. The statistical population of the study included t...
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