Status Quo Bias: Definition, Examples, Impact - ThoughtCo
Dec 11, 2019 · Status quo bias refers to the phenomenon of preferring that one's environment and/or situation remains as it already is. The term was first introduced in 1988 by Samuelson and Zeckhauser, who demonstrated status quo bias through a series of decision-making experiments.
Status quo bias - Wikipedia
A status quo bias or default bias is a cognitive bias which results from a preference for the maintenance of one's existing state of affairs. [1] 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.
What Is Status Quo Bias? | Definition & Examples - Scribbr
Mar 10, 2023 · Status quo bias is a type of cognitive bias. It describes our irrational preference for a default option simply because it preserves the current state of affairs. When faced with complex decisions, people tend to choose the status quo, even if it’s suboptimal.
Status Quo Bias - The Decision Lab
What is the Status Quo Bias? The status quo bias describes our preference for the current state of affairs, resulting in resistance to change. Where this bias occurs
How the Status Quo Bias Affects Our Decisions - Verywell Mind
Dec 13, 2023 · By being aware of how the status quo bias influences our decisions and actions, we can look for ways to reduce the bias in the choices we make every day. Here we explore what this bias entails, why it occurs, and how it impacts our lives.
What Is Status Quo Bias and How Does It Affect the Workplace?
Aug 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.”
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 in important real decisions.
How Powerful Is Status Quo Bias? - Psychology Today
Sep 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 this...
Status Quo Bias: Why Things Feel Stuck Sometimes
Jun 22, 2020 · Fortunately, behavioral economics research has evaluated this "status quo bias " for over 30 years. So, let's explore when it happens, why, and what you can do about it.
Status Quo Bias - The Uncertainty Project
Status quo bias is a cognitive bias that refers to the tendency for individuals to prefer to maintain the current state of affairs, even if a change may be beneficial. This preference for the status quo can be driven by a variety of factors, including a desire for stability, a fear of change, and a lack of information or alternatives.