Keyword Analysis & Research: status quo bias
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Status quo bias - Wikipedia
https://en.wikipedia.org/wiki/Status_quo_bias
WEBStatus quo bias is an emotional bias; a preference for the maintenance of one's current or previous state of affairs, or a preference to not undertake any action to change this current or previous state. The current baseline (or status quo) is taken as a reference point, and any change from that baseline is perceived as a loss or gain.
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Status Quo Bias: Definition, Examples, Impact - ThoughtCo
https://www.thoughtco.com/status-quo-bias-4172981
WEBUpdated on December 11, 2019. Status quo bias refers to the phenomenon of preferring that one's environment and situation remain as they already are. The phenomenon is most impactful in the realm of decision-making: when we make decisions, we tend to prefer the more familiar choice over the less familiar, but potentially more beneficial, options.
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How the Status Quo Bias Affects Our Decisions - Verywell Mind
https://www.verywellmind.com/status-quo-bias-psychological-definition-4065385
WEBDec 13, 2023 · The status quo bias is a type of cognitive bias that involves the preference that things stay as they are or that the current state of affairs remains the same. This bias minimizes the risks associated with change, but it also causes people to miss out on potential benefits that might outweigh the risks.
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What Is Status Quo Bias? | Definition & Examples - Scribbr
https://www.scribbr.com/research-bias/status-quo-bias/
WEBMar 10, 2023 · Status quo bias refers to people’s preference for keeping things the way they currently are. Under status quo bias, people perceive change as a risk or a loss. Because of this, they try to maintain the current situation. This can impact the quality of their decisions. Example: Status quo bias.
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What Is Status Quo Bias and How Does It Affect the Workplace?
https://online.wharton.upenn.edu/blog/status-quo-bias/
WEBAug 18, 2022 · Status quo bias is defined as the preference for maintaining one’s current situation and opposing actions that may change the state of affairs. The term was coined in 1988 by researchers William Samuelson and Richard Zeckhauser in the academic article “Status Quo Bias in Decision-Making.”
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Status Quo Bias - The Decision Lab
https://thedecisionlab.com/biases/status-quo-bias
WEBThe status quo bias refers to our preference to leave things the way they are rather than changing them. It can be summed up by the saying: “If it ain’t broke, don’t fix it.” Why it happens. Status quo bias stems from our tendency to avoid losses and regret at all costs. Since deviating from the norm is risky, we often stick to inaction.
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Status Quo Bias: Explanation and Examples
https://philosophyterms.com/status-quo-bias/
WEBStatus Quo Bias: Explanation and Examples. Understanding Status Quo Bias. Imagine you’re at a crossroads. One path is the one you’ve walked many times; it’s familiar and comfortable. The other path is different, it might have better views or lead to a cool new place, but it’s unfamiliar.
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Status Quo Bias in Decision Making - Scholars at Harvard
https://scholar.harvard.edu/files/rzeckhauser/files/status_quo_bias_in_decision_making.pdf
WEBStatus Quo Bias in Decision Making. WILLIAM SAMUELSON. Boston University. RICHARD ZECKHAUSER. Harvard University. Key words: decision making, experimental economics, status quo bias, choice model, economics, rationality. Abstract.
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How Powerful Is Status Quo Bias? | Psychology Today
https://www.psychologytoday.com/us/blog/after-service/201609/how-powerful-is-status-quo-bias
WEBSep 29, 2016 · Status quo bias is a cognitive bias that explains our preference for familiarity. Many of us tend to resist change and prefer the current state of affairs. How powerful is...
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Status Quo Bias: Why Things Feel Stuck Sometimes
https://www.psychologytoday.com/ca/blog/persuasion-bias-and-choice/202006/status-quo-bias-why-things-feel-stuck-sometimes
WEBJun 22, 2020 · Status Quo Bias: Why Things Feel Stuck Sometimes. When cognitive bias maintains the status quo and prevents change. Posted June 22, 2020. Change tends to be difficult. This is true whether...
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