Keyword Analysis & Research: status quo bias definition finance

thoughtco.com

https://www.thoughtco.com/status-quo-bias-4172981

The term "status quo bias" was first used by researchers William Samuelson and Richard Zeckhauser in a 1988 article called "Status quo bias in decision-making." In the article, Samuelson and Zeckhauser described several decision-making experiments that demonstrated the existence of the bias. In one of the experiments, participa…

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businessinsider.com

https://www.businessinsider.com/personal-finance/status-quo-bias

Mar 04, 2022 · The status quo bias is a cognitive bias where someone will prefer how things currently are by doing nothing — even if sticking with those choices isn't the best option. Is Accessible For Free: True

Is Accessible For Free: True

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managementstudyguide.com

https://www.managementstudyguide.com/status-quo-bias.htm

Status quo bias is associated with an irrational aversion to transaction costs such as brokerage, bid-ask spread, etc. It is true that investors are supposed to avoid these transaction costs in the long run. However, that does not mean that the …

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thedecisionlab.com

https://thedecisionlab.com/biases/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 Debias Your Organization Most of us work & live in environments that aren’t optimized for solid decision-making.

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economicshelp.org

https://www.economicshelp.org/blog/glossary/status-quo-bias/

Status Quo bias is an emotional preference for the current situation. In economics, status quo bias can cause individuals to make seemingly non-rational decisions to stay with a sub-optimal situation. For example, over a lifetime, it is rational to save for a pension. However, some individuals may have a reluctance to change their current situation and take out a pension.

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verywellmind.com

https://www.verywellmind.com/status-quo-bias-psychological-definition-4065385

Feb 09, 2022 · The status quo bias is one type of cognitive bias that involves people preferring that things stay as they are or that the current state of affairs remains the same. This bias can have an effect on human behavior, but it is also a topic of interest in other fields, including sociology, politics, and economics.

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