Relevant bibliographies by topics / Status quo bias

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  1. Journal articles
  2. Dissertations / Theses
  3. Books
  4. Book chapters
  5. Conference papers
  6. Reports

Academic literature on the topic 'Status quo bias'

Author: Grafiati
Published: 4 June 2021
Last updated: 31 August 2024

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Journal articles on the topic "Status quo bias"

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Khan, K. N., M. Ali, C. Toomes, C. F. Inglehearn, and J. Bradbury. "Changing the status quo bias." British Journal of Ophthalmology 95, no. 7 (January 17, 2011): 1034. http://dx.doi.org/10.1136/bjo.2010.200428.

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Xia, Yuchen. "Rational Choice with Status Quo Bias." Advances in Economics, Management and Political Sciences 41, no. 1 (November 10, 2023): 159–64. http://dx.doi.org/10.54254/2754-1169/41/20232060.

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Status quo bias refers to the psychological tendency of people to maintain existing decisions without making changes. This paper aims to explore the influence of status quo bias on regular financial management and consumption decisions based on existing literature and data and provides relevant suggestions to reduce the impact of Status quo bias. The study focuses on the influence of status quo bias on personal regular financial behavior and consumption choices and analyzes the causes of status quo bias and countermeasures. The result shows that status quo bias affects regular financial management and consumption decisions. People are more likely to stay where they are and ignore better options or opportunities. In regular financial management, they may be reluctant to change investment plans, and in consumption decisions, they prefer to consume now and ignore long-term planning. To cope with the negative impact of status quo bias, the author proposes some coping strategies, such as setting goals and providing information, setting up automated savings plans and using visual tools.
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Barber, Michael, David Gordon, Ryan Hill, and Joseph Price. "Status Quo Bias in Ballot Wording." Journal of Experimental Political Science 4, no. 2 (2017): 151–60. http://dx.doi.org/10.1017/xps.2017.9.

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AbstractWe examine the role of status quo bias in the ballot wording of social issues that affect the rights of minority groups. We test the salience of this framing bias by conducting an experiment that randomly assigns different ballot wordings for five policies across survey respondents. We find that status quo bias changes the percent of individuals who vote for the ballot measure by 5–8 percentage points with the least informed individuals being the most affected by status quo bias.
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Li, Yongcan. "Status Quo Bias and Its Applications." Advances in Economics, Management and Political Sciences 42, no. 1 (November 10, 2023): 85–88. http://dx.doi.org/10.54254/2754-1169/42/20232083.

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In real life, humans tend to maintain the status quo, although other options or choices are better than the original ones. This phenomenon is quite common in decision-making, and businesses will also cleverly use it. The paper analyzes the applications of status quo bias in catering services, medical treatment, and health care based on existing literature and experimental results. The result shows that status quo bias impacts the consumers decision-making. Lastly, the paper provides advice to solve the problems of how consumers can avoid falling into the trap, which is called the status quo bias: they should take their time to make decisions, for example, by weighing the advantages and disadvantages. Try to spend as much time discussing both the benefits and drawbacks of the suggested change as possible; this will prevent people from favoring one side of the argument.
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Zhuang, Hanshu. "Customer Loyalty and Status Quo Bias." Advances in Economics, Management and Political Sciences 12, no. 1 (September 13, 2023): 382–90. http://dx.doi.org/10.54254/2754-1169/12/20230655.

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Loyalty marketing has been popular topic among marketers of all regions, while status quo bias received only little to no attention in the marketing field. The main objective for this paper is to clarify the customer loyalty in relation to the status quo bias. Starting from an overview of relevant literature, this article explores the similarities between the two elements, using factors for status quo bias including regret aversion, sunk cost and loss aversion to help better understand customer loyalty. Furthermore, the paper introduces the soft-selling technique as practical marketing strategy and the New Coke issue to show how a marketing case can fail. In addition, the possible reasons for a failed survey according to the Coca-Cola case that generated opposite conclusion were discussed. A survey was also conducted to further investigate the factors for loyalty in smart phone industry. By relating the customer loyalty and status quo bias, this article provides a fresh perspective on the two terms and how they are alike in marketing. Discovering the intersections of the two concepts is mostly in terms of the psychological commitment section of interpreting status quo bias. The overall goal of this paper is to indicate the non-negligible effect of loyalty in the area of marketing.
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Sykes, Leanne M., and George P. Babiolakis. "Probing Status Quo Bias in Dentistry." South African Dental Journal 77, no. 04 (June 22, 2022): 238–39. http://dx.doi.org/10.17159/2519-0105/2022/v77no4a8.

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The status quo bias in dentistry refers to a practitioner's preference for certain treatment modalities and resistance to contemplating the need for a change. Lack of updating skills and amending their work routine accordingly can result in them providing treatment that is dated or even totally obsolete. It could even be detrimental to their patient's oral health and open them up to the risk of litigation. The concept of Continuing Professional Development (CPD) was introduced to try enforce clinicians to improve their knowledge and skills, and keep abreast of current best practice recommendations. However, it should not be seen as a mere points collecting exercise that has little effect on bringing about changes in their work. Dentists need to continually review their work, and make adjustments when necessary in order to do better and be better. Only then canthey claim to be acting in their patients’ best interest and fulfilling their duty of beneficence.
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Okuda, Hidetaka. "Status quo bias in conflict situations." Japanese journal of psychology 75, no. 4 (2004): 316–23. http://dx.doi.org/10.4992/jjpsy.75.316.

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Eterovic, Dalibor S. "Institutional Bias towards the Status Quo." Journal of Institutional and Theoretical Economics 167, no. 3 (2011): 489. http://dx.doi.org/10.1628/093245611797215512.

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Burmeister, Katrin, and Christian Schade. "Status Quo Bias versus Variety Seeking." Marketing ZFP 27, JRM 1 (2005): 14–25. http://dx.doi.org/10.15358/0344-1369-2005-jrm-1-14.

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Dyck, Joshua J., and Shanna Pearson-Merkowitz. "Ballot Initiatives and Status Quo Bias." State Politics & Policy Quarterly 19, no. 2 (December 6, 2018): 180–207. http://dx.doi.org/10.1177/1532440018815067.

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Is there an opposition bias in ballot initiative campaigns? While some early research suggested that the “no” side was advantaged in ballot initiative campaigns, recent work has demonstrated that both opposition and support spending in ballot measure campaigns are effective. We offer a new way to conceptualize status quo orientation in ballot measure elections. Specifically, we argue that opposition arguments are more effective than support arguments because of the well-known framing negativity bias and not because the starting position for uninformed voters is to default to no. We present the results of two survey experiments to test the impact of support and opposition arguments in ballot initiative campaigns. We find consistent evidence that opposition arguments are effective in generating more “no” votes and that support arguments are ineffective in generating more “yes” votes.
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Dissertations / Theses on the topic "Status quo bias"

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Buturak, Gökhan. "Choice deferral, status quo bias, and matching." Doctoral thesis, Handelshögskolan i Stockholm, Institutionen för Nationalekonomi, 2011. http://urn.kb.se/resolve?urn=urn:nbn:se:hhs:diva-1282.

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This thesis consists of three independent papers. They are put in reverse chronological order according to when they were initiated. The first paper, which is a joint work with Özgür Evren, extends the standard rational choice framework with the option to postpone the act of selecting an alternative. In that paper, we propose an axiomatic model of choice over risky prospects that restricts the classical rationality axioms solely to those instances in which the decision maker does not defer. The cardinal approach we follow allows us to identify the preference relation of the decision maker over lotteries, even if the choice data is very scarce due to deferral. Moreover, we also derive the value of deferring choice from a given set of options, which turns out to be an affine utility function over choice sets. At each choice situation, the decision maker compares the utility of each available alternative with that of deferral so as to decide on opting for an alternative immediately. The second paper is a model of status quo bias with choice avoidance. It describes the choice behavior of an otherwise standard decision maker whose choices are affected by the presence of a status quo alternative. The status quo emerges as a temporary choice, which may be reversed upon arrival of new (introspective or objective) information, or upon finding new alternatives. The third paper considers the network formation problem from a matching perspective. In that paper, agents want to link with each other and each has preferences over the subsets of others. We consider various solution concepts regarding the stability of a matching between the agents, establish relations between these concepts under several preference restrictions, and provide sufficient conditions for these solutions to be nonempty.
Diss. Stockholm : Handelshögskolan i Stockholm, 2011
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Hagemann, G. Ximena, R. Tania Mejía, and S. Francisca Monzón. "Endowment effect, Status Quo Bias y default option." Tesis, Universidad de Chile, 2004. http://repositorio.uchile.cl/handle/2250/108287.

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Muchas veces hemos oído hablar de que cierta conducta es irracional o que tal persona está actuando irracionalmente. La racionalidad en el comportamiento es un supuesto en el que se basa la economía para el desarrollo de sus modelos de predicción de la conducta de los individuos o agentes económicos en sus decisiones de consumo e inversión. Si los supuestos de la teoría económica tradicional fueran ciertos en su totalidad, no se deberían observar patrones de desviación desde el punto óptimo del consumo, pero a menudo se puede notar que las personas cometen errores al tomar sus decisiones. Esto se debe a que los individuos toman decisiones basándose en la percepción de la realidad, más que en la realidad misma y en que el modo en el cual se les presente la situación influirá en su comportamiento. La ciencia económica tradicional está siendo innovada, relajando los estrictos supuestos de la conducta racional de los consumidores, reemplazándolos por concepciones más realistas del comportamiento humano, admitiendo que poseen una racionalidad limitada. Los pioneros en desarrollar una teoría alternativa a la clásica1 , fueron los profesores Daniel Kahneman y Amos Tversky(1974), a la cual denominaron Teoría Prospectiva. Las características claves de esta nueva teoría y que la diferencian de la teoría neoclásica son que: la función de utilidad es reemplazada por una función de valor, se introduce el precio de referencia y además se relaja el principio de fungibilidad. Con esta teoría se pueden explicar diferentes anomalías en el comportamiento del consumidor que se observan en la vida cotidiana. Algunos ejemplos son: 1) El señor X, compró tiempo atrás una caja de vinos de buena calidad a $2.000 la botella. Años más tarde, el señor Y le ofrece comprarle a $40.000 cada botella. Sin embargo el señor X, se niega a venderlo, a pesar de que no estaría dispuesto a pagar más de $14.000 por cada botella (Thaler 1980). 2) A un individuo se le entrega un ticket de lotería. Antes de realizarse el sorteo, se le ofrece cambiarlo por otro ticket con igual probabilidad de ganar, más una pequeña suma de dinero. Sin embargo, el individuo se rehúsa a cambiar su ticket (Maimaran 2003). 3) Durante un tiempo VTR ofreció la siguiente oferta, quienes opten por la opción banda ancha light ( una versión menos rápida pero más barata que la banda ancha normal) recibirán durante los tres primeros meses el servicio de banda ancha normal por el precio de la light. Al cabo de los tres meses, si el suscriptor no solicita el cambio a su opción original (BAL), la compañía seguirá proveyendo el servicio de banda ancha normal con el respectivo aumento en su cuenta mensual a contar del cuarto mes. Finalmente se vio que la mayoría de los individuos optaban inicialmente por la banda ancha light. Sin embargo, al cabo de los tres meses una gran cantidad de individuos no solicitó el cambio a su opción original (Manzur 2004). Cada una de estas anécdotas ilustran diferentes tipos de comportamiento semi-racional. En el primer ejemplo, podemos ver cómo una persona valora de manera diferente un bien antes y después de poseerlo. A esto se le llama “Endowment Effect”, (Thaler, 1980) y será analizado en profundidad en el capítulo III. En el segundo ejemplo, se observa que el individuo se rehúsa a cambiar su situación por una mejor, este comportamiento opuesto a lo que se propone en la Teoría Económica, muestra una tendencia a mantener el status quo. Samuelson y Zeckhauser (1988) definieron este comportamiento como “Status Quo Bias” y se verá en el capítulo IV. Por último en el tercer ejemplo, podemos ver cómo los consumidores tienden a evitar la toma de decisiones, este comportamiento suele aparecer cuando se le presenta una opción Default, es decir, una opción que el consumidor automáticamente recibirá si no especifica explícitamente otra opción, esto se verá más detalladamente en el capítulo V. Basaremos nuestra tesis en estas tres conductas del comportamiento del consumidor de modo de entender porque se producen y como utilizar sus implicancias en las estrategias de marketing para obtener de este modo mejores resultados. Para comenzar explicaremos la Teoría prospectiva, aquí analizaremos detalladamente el modelo de referencia dependencia y la aversión a la perdida, ya que estas dos características son la base que explica el comportamiento semi-racional de los individuos. Luego se buscarán motivos alternativos para cada una de estas conductas, trataremos de encontrar motivos sicológicos que no han sido considerados por la teoría económica y que nos parecen muy relevantes, ya que generalmente son estos los que modelan el comportamiento de los individuos. Intentaremos explicar cuales son los factores que hacen variar la magnitud de estas anomalías, cómo y porqué se generan. Además en cada capítulo explicaremos cuales son las implicancias que generan estas diferentes conductas para el marketing y para algunas políticas sociales, a fin de poder ser utilizadas para crear estrategias beneficiosas.
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Hedlund, Sara. "Skillnader i uppvisat bias mellan utmanare och försvarare av status quo." Thesis, Stockholms universitet, Psykologiska institutionen, 2011. http://urn.kb.se/resolve?urn=urn:nbn:se:su:diva-59236.

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De som förespråkar en ändring av det rådande läget (status quo), inom exempelvis politik, har visat sig vara mer påverkade av naiv realism än de som vill behålla status quo. Ytterligare studier visar att den politiska tillhörigheten kan vara av betydelse för hur påverkade av naiv realism dessa utmanare är. I två studier har det testats om naiv realism påverkas av positionen till status quo (utmana eller försvara) eller av den politiska tillhörigheten. I båda studier har en tydlig favorisering av den egna gruppen påträffats, samt att personer i utmanarposition gentemot status quo gjorde signifikant större skillnad mellan ingrupp och utgrupp än vad försvarare av status quo gjorde. Den politiska tillhörigheten visade sig inte vara av betydelse. En omarbetad version av enkäten väntas stärka resultaten ytterligare. Fortsatta studier inom området föreslås.
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Chavez, Elisa. "The change equation| A correlation study of status quo bias in managers." Thesis, University of Phoenix, 2016. http://pqdtopen.proquest.com/#viewpdf?dispub=10017972.

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The purpose of the research study was to predict managerial resistance to status quo bias given the presence of dissatisfaction, vision, and a process outlined for change in the environment. According to the 79 participants surveyed in the study, dissatisfaction, vision, and a process outlined for change provided a statistically significant model for predicting manager resistance to status quo bias for the sample studied. Leaders may be able to use the results of the study to determine manager readiness for change. However, at best the study found only 45.3% of the reasons that predict managerial resistance to status quo bias, providing an opportunity for future researchers to validate empirically other factors that may predict manager resistance to status quo bias.

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Félix, Hugo Miguel Costa. "Escolha intertemporal: Virtudes e vícios em trocas monetárias." Master's thesis, ISPA - Instituto Universitário das Ciências Psicológicas, Sociais e da Vida, 2012. http://hdl.handle.net/10400.12/2267.

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Dissertação de Mestrado em Psicologia Social e das Organizações
O presente estudo tem como objectivo averiguar as atitudes das pessoas face a virtues e vices em contexto monetário, pois apesar de existir extensa literatura sobre o assunto, nenhuma dela se foca neste contexto. Com base no modelo de preferência por sequências(Loewenstein & Prelec, 1993) no Double-entry mental accounting model (Prelec & Loewenstein, 1998) e na aversão à dívida, prevê-se atracção por virtues e aversão a vices. Devido à natureza dos virtues e vices(perspectivas mistas) averiguou-se também a existência do status quo bias (Samuelson & Zeckhauser, 1988) na escolha intertemporal neutralizando o efeito de aversão às perdas(Kahneman & Tversky, 1979, 1984). Um estudo com 390 sujeitos confirmou tanto as previsões dos modelos face a virtues e vices como a existência do status quo bias na escolha intertemporal. ------- ABSTRACT -------- The present study objective is to investigate people’s attitudes towards virtues an vices in the monetary domain, although there is extensive literature on the subject, none of it is focused on this domain. Based on the preference for sequences model (Loewenstein & Prelec, 1993), on the Double-entry mental accounting model (Prelec&Loewenstein, 1998) and on debt aversion, it is predicted that people are attracted to virtues and averse to vices. Due to the virtues and vices nature(mixed prospects) it was also investigated the presence of the status quo bias (Samuelson & Zeckhauser, 1988) in intertemporal choice after neutralizing loss aversion (Kahneman & Tversky, 1979, 1984). With 390 participants the study confirmed both the predictions for the virtues and vices and the existence of the status quo bias in intertemporal choice.
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Trump, Kris-Stella. "The Status Quo and Perceptions of Fairness: How Income Inequality Influences Public Opinion." Thesis, Harvard University, 2013. http://dissertations.umi.com/gsas.harvard:10829.

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This dissertation argues that public opinion regarding the acceptability and desirability of income differences is affected by actual income inequality. Cross-national survey evidence is combined with laboratory and survey experiments to show that estimates regarding appropriate income differences depend on (perceptions of) real income differences. When income inequality changes, public opinion "habituates" by adjusting expectations for fair levels of inequality in the same direction as the factual change. The adjustment occurs because humans are subject to status quo bias and have a motivated tendency to believe in a just world. In the context of increasing inequality in developed democracies over the last 40 years, the implication is that normative expectations for appropriate levels of inequality have adjusted up. This habituation process helps explain why increases in inequality have not been accompanied by increased demands for redistribution and why cross-national variation in income inequality is not clearly linked to public opposition to such inequality.
Government
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Koutsoukis, Alexandros. "Challenging victor bias and status quo bias in realist accounts of surrender : re-reading three cases of surrender from the Peloponnesian War." Thesis, Aberystwyth University, 2016. http://hdl.handle.net/2160/d853556e-5b06-465a-8c08-412df06dfd7c.

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From a materialist realist perspective, when a state surrenders power preponderance considerations, that is a state’s relative weakness in terms of material power, should provide the bulk of the explanation for the surrender. Yet, weak states have surrendered quickly and slowly and on occasion have done so only to soon challenge their conquerors. This thesis is driven by a puzzle concerning whether material power and (actual or projected) victory in war can explain logics of surrender and, if not, what this may mean for our understanding of surrender, realism and IR more widely. This study focuses our attention on the fact that surrendering highlights that realism’s core assumption - that states seek survival-is in fact underspecified and problematic. On one hand, state survival seen as autonomy is theoretically paradoxical because in practice it can be easily sacrificed in some instances of surrender. On the other hand, survival as autonomy is underspecified since under different conditions it can be traded off at too high a price making state death and Annihilation a real possibility. Recognition of this is evaded in standard realist approaches. This thesis develops a perspective on surrender which shares some aspects of a cost-benefit approach characteristic of realism, the Strategic Choice Approach (SCA), but innovates by not assuming an abstract view of rationality. Guided by SCA, this thesis problematises surrendering and seeks to explain surrendering from the actor’s own perspective. To explicate surrendering We concentrate on three case studies focused on analysis of surrendering in ancient Greece. The thesis argues that states’ logic of surrendering relates not only to appeasement and opportunistic bandwagoning but also to such non-realist reasons such as gratitude, seduction and recognition. If we do not start from realist assumptions, argued here to be characterised by victor bias and which lead to status quo bias, we can observe certain reasonable, ethically-inspired, and at the same time high-risk actions in the surrendering logics of states. The case studies of surrendering developed here explain both delayed and very fast surrendering and account for the surprising rise of instability in response to some surrenders. Overall, it demonstrates that non-material and psychological factors can over-ride concerns about physical security. This analysis of surrender highlights the potential weaknesses of realist theoretical assumptions when applied to study of surrender and demonstrates that close analysis of surrender logics allows us to better understand not only war and stability but also what is at stake in how we approach theorising IR.
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Sörensen, Mikaela, and Gabriel Krogius. "Lönsamma erbjudanden : Hur tjänsteerbjudanden och dess kunder formas av Optional Framing." Thesis, Högskolan i Gävle, Avdelningen för ekonomi, 2013. http://urn.kb.se/resolve?urn=urn:nbn:se:hig:diva-15111.

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ABSTRACT Title:                         Lucrative deals How service offers and its clients is forms by Optional Framing                 Level:                       Bachelor, Business Administration Author:                     Gabriel Krogius, Mikaela Sörensen Supervisor:              Jonas Kågström, department of economics Date:                         2013, August Introduction:           That the human mind may be directed by how an offer is designed is not news. However, what is new in the following thesis is whether a person is affected in the case of a service rather than, as previously research, a physical product. Does a person find it harder to separate with something rather than to add an option? Aim:                          The aim for this thesis is to examine how Optional Framing has affection on service offerings/companies, and in this case on real estate brokerage services. Is it, as earlier, when the human can form her own offer, the final price ends up higher when she is about to add options than removing them? Method:                    The thesis emanates to achieve earlier results where the difference in this case is that our thesis is targeting service offerings. It applies through a positivistic deductive method. The empirical data is collected from a quantitative sample of survey answers, where one part of the groups is faced to remove options from a deluxe-offer and the other part of the group is about to add options to a standard-offer. The survey was created with episodic support from a sample of interviews with active real estate agents. Discussion:               The thesis shows that earlier results approve within service companies and its offers, in this case real estate brokerage. We can interpret that the human mind is directed through Optional Framing and that the deluxe-offer ends with a higher price and more options to it than the standard-offer. The correlation analysis shows us connection between some of the offers services that can benefit real estate brokerage in the future. Future research:     We hope that foundations have been created for future research that can lead on to further understanding about the customers view on real estate brokerage services and how to make them more attractive. Contribution:           Real estate brokerage can benefit from the results in this thesis where they further can implement the work from comparison of theory and empirical.  Key words:              Loss Aversion, The Endowment Effect, Status Quo Bias and also Framing/Optional Framing.
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Paetzel, Fabian, Rupert Sausgruber, and Stefan Traub. "Social Preferences and Voting on Reform: An Experimental Study." WU Vienna University of Economics and Business, 2014. http://epub.wu.ac.at/4120/1/wp172.pdf.

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Debating over efficiency-enhancing but inequality-increasing reforms accounts for the routine business of democratic institutions. Fernandez and Rodrik (1991) hold that anti-reform bias can be attributed to individual-specific uncertainty regarding the distribution of gains and losses resulting from a reform. In this paper, we experimentally demonstrate that anti-reform bias arising from uncertainty is mitigated by social preferences. We show that, paradoxically, many who stand to lose from reforms vote in favor because they value efficiency, while many who will potentially gain from reforms oppose them due to inequality aversion. (authors' abstract)
Series: Department of Economics Working Paper Series
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Guo, Xiaoning. "The Effects of Depletion, Need for Cognitive Closure, and Attribute Accessibility on Choice Deferral." University of Cincinnati / OhioLINK, 2012. http://rave.ohiolink.edu/etdc/view?acc_num=ucin1337289296.

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Books on the topic "Status quo bias"

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Raquel, Fernandez. Why is trade reform so unpopular?: On status quo bias in policy reforms. Cambridge, MA: National Bureau of Economic Research, 1990.

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Tatsuo, Urano, Liu Suchao 1950-, and Zhang Zhirong 1964-, eds. Diaoyutai qun dao (Jian'ge zhu dao) wen ti: Yan jiu zi liao hui bian. Xianggang: Li zhi chu ban she, 2001.

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Qingxia, Dai, ed. Jinuo zu yu yan shi yong xian zhuang ji qi yan bian: The status Quo and evolution of language use of the Jinuo nationality / edited by Dai Qingxia ; authors, Dai Qingxia ... [et al.]. Beijing: Shang wu yin shu guan, 2007.

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Tang, Yi. "Zhonghua Minguo guo shi guan dian cang Wai jiao bu yi zhuan Zhong Fa bian jie ji kang zhan yi lai Zhongguo wai jiao zhuan ti yan jiu dang zi cong shu di yi ce" ji "Zhonghua Minguo guo shi guan dian cang Nansha qun dao dang zi cong shu di yi ce kan ben" he kan ben. Taibei Shi: Tang Yi, 2017.

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Pupp, Jennifer. Analyse des Status Quo Bias im Adoptionsprozess von Neuprodukten: Eine experimentelle Studie. GRIN Verlag GmbH, 2010.

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Fernandez, Raquel, and Dani Rodrik. Why Is Trade Reform So Unpopular? on Status Quo Bias in Policy Reforms J/Working Paper, No 3269. Natl Bureau of Economic Res, 1990.

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Ricciardi, Victor. The Psychology of Speculation in the Financial Markets. Oxford University Press, 2017. http://dx.doi.org/10.1093/acprof:oso/9780190269999.003.0026.

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This chapter discusses the role of speculation in the financial markets that influences individual and group behavior in the form of bubbles and crashes. The chapter highlights behavioral finance issues associated with bubbles, such as overconfidence, herding, group polarization, groupthink effect, representativeness bias, familiarity issues, grandiosity, excitement, and the overreaction and underreaction to prices. These issues are important for understanding past financial mistakes because history often repeat itself. The chapter also examines the aftermath of the financial crisis of 2007–2008 on investor psychology, including the impact of a severe financial downturn, anchoring effect, recency bias, worry, loss averse behavior, status quo bias, and trust. The aftermath of the financial crisis might have negative long-term effects on investor psychology in which some investors remain overly risk averse, resulting in under-investment in stocks and over-investment in cash and bonds.
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Schliesser, Eric. Society and Political Taxonomy. Oxford University Press, 2017. http://dx.doi.org/10.1093/oso/9780190690120.003.0006.

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This chapter discusses some of Adam Smith’s more important economic and political categories. It argue that it is misleading to understand Smith as a methodologic individualist. In particular, it argues that “society” is a crucial category in Smith’s political philosophy. But unlike the Stoicizing interpretation of Smith, this chapter argues that for Smith a society is not by definition harmonious. In particular, there is inherent class conflict between wage-earning and profit-seeking classes. Smith also diagnoses other sources of faction and pays particular attention to social orders. In addition, this chapter introduces Smith’s the nature of status quo bias when contemplating political change.
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Milliken, Christopher, Ehsan Nikbakht, and Andrew Spieler. Traditional Asset Allocation Securities. Oxford University Press, 2017. http://dx.doi.org/10.1093/acprof:oso/9780190269999.003.0020.

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Asset allocation models have evolved in complexity with the development of modern portfolio theory, but they continue to operate under the assumption of investor rationality and other assumptions that do not hold in the real world. For this reason, academics and industry professionals make efforts to understand the behavioral biases of decision makers and the implications these biases have on asset allocation strategies. This chapter reviews the building blocks of asset allocation, involving stocks, bonds, real estate, and cash. It also examines the history and theory behind two of the most popular portfolio management strategies: mean-variance optimization and the Black-Litterman Model. Finally, the chapter examines five common behavioral biases that have direct implications for asset allocation: familiarity, status quo, framing, mental accounting, and overconfidence. Each behavioral bias discussion contains examples, warning signs, and steps to correct the emotional or cognitive errors in decision making.
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Ximoluo yu yu yan shi yong xian zhuang ji qi yan bian: The status quo and evolution of language use of the ximoluo nationality / edited by Dai Qingxia ; authors Dai Qingxia ... [et al.]. Beijing: Shang wu yin shu guan, 2009.

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Book chapters on the topic "Status quo bias"

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Traub, Stefan. "The Status Quo Bias." In Framing Effects in Taxation, 77–91. Heidelberg: Physica-Verlag HD, 1999. http://dx.doi.org/10.1007/978-3-642-95938-7_5.

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Mandl, Monika, Alexander Felfernig, Juha Tiihonen, and Klaus Isak. "Status Quo Bias in Configuration Systems." In Lecture Notes in Computer Science, 105–14. Berlin, Heidelberg: Springer Berlin Heidelberg, 2011. http://dx.doi.org/10.1007/978-3-642-21822-4_12.

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Godefroid, Marie-E., Ralf Plattfaut, and Björn Niehaves. "Increasing RPA Adoption: An Experiment on Countermeasures for Status Quo Bias." In Lecture Notes in Computer Science, 323–40. Cham: Springer Nature Switzerland, 2023. http://dx.doi.org/10.1007/978-3-031-41620-0_19.

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Hofmann, Annette. "Endowment Effect and Status-Quo Bias: Why We Stick with Bad Decisions." In The Ten Commandments of Risk Leadership, 67–81. Cham: Springer International Publishing, 2022. http://dx.doi.org/10.1007/978-3-030-88797-1_7.

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Kacprzyk, Janusz. "From Status Quo Bias to Innovative Multiagent Decisions Under Fuzzy Preferences and Fuzzy Majority." In 13th International Conference on Theory and Application of Fuzzy Systems and Soft Computing — ICAFS-2018, 1. Cham: Springer International Publishing, 2018. http://dx.doi.org/10.1007/978-3-030-04164-9_1.

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Acosta, Griselda, Eric Smith, and Vladik Kreinovich. "Status Quo Bias Actually Helps Decision Makers to Take Nonlinearity into Account: An Explanation." In How Uncertainty-Related Ideas Can Provide Theoretical Explanation For Empirical Dependencies, 1–5. Cham: Springer International Publishing, 2021. http://dx.doi.org/10.1007/978-3-030-65324-8_1.

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Shimizu, Tomoyuki, Kyosuke Futami, Tsutomu Terada, and Masahiko Tsukamoto. "Corrective Method for Status-Quo Bias by User’s Inputting Reason for Selection and Presenting Criticism Information." In Advances in Networked-based Information Systems, 261–70. Cham: Springer Nature Switzerland, 2023. http://dx.doi.org/10.1007/978-3-031-40978-3_28.

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Grabicki, Fabian, and Roland Menges. "Status quo bias and consumers’ willingness to pay for green electricity: A discrete choice experiment with real economic incentives." In Entscheidungsunterstützung in Theorie und Praxis, 169–90. Wiesbaden: Springer Fachmedien Wiesbaden, 2017. http://dx.doi.org/10.1007/978-3-658-17580-1_8.

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Acosta, Griselda, Eric Smith, and Vladik Kreinovich. "Analytical Techniques for Making Recommendations More Acceptable to Users: Status Quo Bias Actually Helps Decision Makers to Take Nonlinearity into Account." In Studies in Systems, Decision and Control, 85–88. Cham: Springer International Publishing, 2020. http://dx.doi.org/10.1007/978-3-030-46413-4_17.

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Hollaus, Birgit, Verena Madner, and Eva Schulev-Steindl. "Kapitel 11. Recht." In APCC Special Report: Strukturen für ein klimafreundliches Leben, 351–88. Berlin, Heidelberg: Springer Berlin Heidelberg, 2023. http://dx.doi.org/10.1007/978-3-662-66497-1_15.

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ZusammenfassungAufgrund des Querschnittcharakters des Klimaschutzes werden für ein klimafreundliches Leben zahlreiche rechtliche Handlungsfelder relevant, vom Welthandelsrecht, über europäische Binnenmarktregeln oder den europäischen Emissionshandel bis zum Finanzverfassungsrecht, dem Wohnrecht oder dem Bau- und Raumordnungsrecht. In diesen Handlungsfeldern gesetzte rechtliche Maßnahmen stehen miteinander in Beziehung(en), die von einer Fülle von Koordinierungs-, Über- und Unterordnungsregeln geprägt ist bzw. sind und ihrerseits oft bestimmen, inwieweit und wie inhaltliche Gestaltungsentscheidungen geändert werden können. Gerade auf diese Wechselbezüge und ihre langfristig strukturprägende Wirkung legt der folgende Beitrag besonderes Augenmerk, wenn er den rechtlich geprägten Status quo für ein klimafreundliches Leben analysiert, notwendige strukturelle Veränderungen, ihre treibenden und hemmenden Faktoren sowie dabei relevante Akteur_innen aufzeigt und ausgewählte Reformanliegen diskutiert.
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Conference papers on the topic "Status quo bias"

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Li, Jian-biao, Guang-qian Ren, and Lv-ke Liu. "An experimental study on investors' status quo bias." In 2009 International Conference on Management Science and Engineering (ICMSE). IEEE, 2009. http://dx.doi.org/10.1109/icmse.2009.5317941.

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Oschinsky, Frederike Marie, Hans Christian Klein, and Bjoern Niehaves. "WORKING IN THE DIGITAL AGE: MERGING A STATUS QUO BIAS PERSPECTIVE AND REFLECTIVE PRATICE." In International Conference ICT, Society, and Human Beings 2019. IADIS Press, 2019. http://dx.doi.org/10.33965/ict2019_201908c044.

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Stryja, Carola, Verena Dorner, and Lara Riefle. "Overcoming Innovation Resistance beyond Status Quo Bias - A Decision Support System Approach (Research-in-Progress)." In Hawaii International Conference on System Sciences. Hawaii International Conference on System Sciences, 2017. http://dx.doi.org/10.24251/hicss.2017.069.

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Hu, Mo, and Tripp Shealy. "Overcoming Status Quo Bias through Green Infrastructure Resolutions: Neuro-Cognitive Evidence of Changes in Risk Perceptions." In Construction Research Congress 2020. Reston, VA: American Society of Civil Engineers, 2020. http://dx.doi.org/10.1061/9780784482858.039.

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Anton, Eduard, Julian Schuir, and Frank Teuteberg. "The Force of Habit: Examining the Status Quo Bias for Using Mixed Reality in Patient Education." In Hawaii International Conference on System Sciences. Hawaii International Conference on System Sciences, 2022. http://dx.doi.org/10.24251/hicss.2022.519.

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"Rethinking the challenges to attaining sustainable cities and communities: lessons from social norms and status quo bias." In WABER 2019 Conference. WABER Conference, 2019. http://dx.doi.org/10.33796/waberconference2019.64.

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Anagnostopoulos, Aris, Luca Becchetti, Emilio Cruciani, Francesco Pasquale, and Sara Rizzo. "Biased Opinion Dynamics: When the Devil is in the Details." In Twenty-Ninth International Joint Conference on Artificial Intelligence and Seventeenth Pacific Rim International Conference on Artificial Intelligence {IJCAI-PRICAI-20}. California: International Joint Conferences on Artificial Intelligence Organization, 2020. http://dx.doi.org/10.24963/ijcai.2020/8.

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We investigate opinion dynamics in multi-agent networks when there exists a bias toward one of two possible opinions; for example, reflecting a status quo vs a superior alternative. Starting with all agents sharing an initial opinion representing the status quo, the system evolves in steps. In each step, one agent selected uniformly at random adopts with some probability a the superior opinion, and with probability 1 - a it follows an underlying update rule to revise its opinion on the basis of those held by its neighbors. We analyze the convergence of the resulting process under two well-known update rules, namely majority and voter. The framework we propose exhibits a rich structure, with a nonobvious interplay between topology and underlying update rule. For example, for the voter rule we show that the speed of convergence bears no significant dependence on the underlying topology, whereas the picture changes completely under the majority rule, where network density negatively affects convergence. We believe that the model we propose is at the same time simple, rich, and modular, affording mathematical characterization of the interplay between bias, underlying opinion dynamics, and social structure in a unified setting.
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Agustin, Henri, and Ade Elsa Betavia. "User Resistance to Use E-Parking System in Indonesia from the Status Quo Bias Theory Perspective: Evidence from Padang City, West Sumatera Province." In Proceedings of the International Conference on Banking, Accounting, Management, and Economics (ICOBAME 2018). Paris, France: Atlantis Press, 2019. http://dx.doi.org/10.2991/icobame-18.2019.41.

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Behnert, Anna-kristin, Julia Arlinghaus, Melanie Kessler, and Maria Freese. "Approaching Cognitive Biases in the Circular Economy through Serious Gaming." In 15th International Conference on Applied Human Factors and Ergonomics (AHFE 2024). AHFE International, 2024. http://dx.doi.org/10.54941/ahfe1004926.

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The current linear economy model extracts resources at a rate that far exceeds the ability of the planet to regenerate them. Climate change, global warming, and the destruction of natural habits are just a few consequences. They highlight the urgent need for a shift towards a more sustainable economic model, such as the circular economy. Such a paradigm shift would offer novel approaches that aim to uncouple economic development from environmental degradation, however, the adoption of circular economy principles by consumers is often hindered by the human behavior which is influenced by so-called cognitive biases. These effects influence human decision-making leading to a systematic deviation from a rational optimum. Exemplarily the status quo bias shows this connection. Thereby, individuals favor existing conditions over potential changes. Research on circular economy as well as on cognitive biases increases, however, the interplay between these areas remains unexplored. Serious games, defined as games with a primary purpose other than pure entertainment, could be a promising approach to mitigate cognitive biases in the context of the circular economy. Serious games are being increasingly recognized as a valuable tool for education, especially in the context of complex systems (such as circular economy) and behavioral change, as they engage players in an interactive, and immersive environment. This paper explores in an exploratory approach possible ways, prerequisites, and obstacles of the use of serious games enabling circular value creation. Utilizing a structured literature review, the authors examine existing work in this area and identify gaps in the literature, underscoring the need for further research in this emerging field. This study, thus, serves as a starting point for future studies on the role of serious games in shaping sustainable practices.
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Zhao, Zhen, Qian Mao, Yun Hei Chak, Trudy Cheung, and Hailiang Wang. "Overcoming Obstacles: Examining User Resistance to Home-based Health Monitoring Systems among Older Adults." In 15th International Conference on Applied Human Factors and Ergonomics (AHFE 2024). AHFE International, 2024. http://dx.doi.org/10.54941/ahfe1004901.

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Home-based Health Monitoring Systems (HHMSs) have rapidly emerged as a promising tool for health management among older adults. By providing real-time, easily accessible health information, HHMSs can facilitate proactive health management and potentially improve health outcomes for older adults. However, despite the potential benefits of this technology, its adoption by older adults remains a complex challenge. Older adults’ unique perceptions and attitudes toward technology often create barriers to effectively using these systems. While numerous studies have explored the factors affecting technology acceptance among older adults, there is a relative lack of research into the factors contributing to resistance towards health monitoring technologies. The present study aims to fill this gap by investigating the factors influencing older adults’ resistance to HHMSs. To this end, the study integrates two key theoretical frameworks: status quo bias theory and task-technology fit theory. We conducted an empirical study investigating factors influencing older adults’ resistance to HHMSs. Data was collected from 483 seniors aged 55 and above through an online survey. Based on this data, a structural model of user resistance was proposed and tested using the partial least squares structural equation modeling (PLS-SEM) method. The results revealed that inertia and technology anxiety accounted for 43.5% of the variance in user resistance. Among these factors, technology anxiety was found to strongly impact user resistance (p < 0.01), suggesting that fears or apprehensions about using the technology can significantly deter older adults from adopting HHMSs. The study also found that inertia, switching costs, and switching benefits significantly influenced technology anxiety (all p values < 0.01). When older adults perceive higher benefits and lower costs of switching to a new technology, they may experience lower anxiety. Furthermore, if the required task and technology are fit, they are more willing to switch to the new technology. It’s worth noting that the study found that task-technology fit did not significantly affect technology anxiety and user resistance (p > 0.05), suggesting that even if a technology perfectly aligns with an older adult’s tasks, it may not necessarily reduce their anxiety or resistance towards it. This study dedicated that the development of HHMS should consider the relationship between task characteristics and technology capabilities, identify tasks in specific contexts, and gain insight into older adults’ emotional and psychological anxieties. It also provides valuable insights into designing effective, user-friendly, and easy-to-use systems for older adults.
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Reports on the topic "Status quo bias"

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Fernandez, Raquel, and Dani Rodrik. Why is Trade Reform so Unpopular? On Status Quo Bias in Policy Reforms. Cambridge, MA: National Bureau of Economic Research, February 1990. http://dx.doi.org/10.3386/w3269.

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Sinaiko, Anna, Christopher Afendulis, and Richard Frank. Enrollment in Medicare Advantage Plans in Miami-Dade County: Evidence of Status Quo Bias? Cambridge, MA: National Bureau of Economic Research, November 2013. http://dx.doi.org/10.3386/w19639.

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Marty, Frédéric. Pré-installations, biais de statu quo et consolidation de la dominance : Les enseignements de l’arrêt du Tribunal de l’U.E. dans l’affaire Google Android. CIRANO, November 2022. http://dx.doi.org/10.54932/yozl1587.

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L’arrêt Google Android rendu par le Tribunal de l’U.E. le 14 septembre 2022 a confirmé l’essentiel de la décision de la Commission européenne qui avait sanctionné en juillet 2018 des pratiques de verrouillage anticoncurrentiel. Ce cahier de recherche porte sur l’une des dimensions de l’arrêt confirmant l’analyse de la décision quant aux effets d’éviction anticoncurrentielle reliés aux clauses de pré-installations de certaines applications. Celles-ci doivent être envisagée sous l’angle d’une pratique de ventes liées et sous celui de l’exploitation d’un biais de statu quo de la part des utilisateurs. L’analyse de ce cas ouvre une discussion sur les exigences de neutralité des plateformes dans le contexte de la publication des lois européennes sur les marchés et sur les services numériques.
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Schwedes, Oliver, and Alexander Rammert. Was ist Integrierte Verkehrsplanung? Hintergründe und Perspektiven einer am Menschen orientierten Planung. TU Berlin, 2020. http://dx.doi.org/10.26128/2023.66.

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Was ist eigentlich integrierte Verkehrsplanung? Dieser Frage und den daraus resultierenden Ansprüchen an die Planung von Mobilität und Verkehr geht dieses Discussion Paper nach. Hierzu wird zunächst auf die nunmehr 50-jährige Geschichte des integrierten Planungsgedankens eingegangen und relevante Entwicklungsphasen vorgestellt. Bis heute befindet sich der Anspruch einer am Menschen orientierten Verkehrsplanung im Konflikt mit den klassischen Vorstellungen der Verkehrswegeplanung, die weiterhin den status quo in den Verkehrsverwaltungen darstellt. Hierfür möchten wir neue Perspektiven aufzeigen, wie eine modernisierte Integrierte Verkehrsplanung auch endlich in der Praxis ein überholtes Planungsverständnis ablösen kann. Grundlage dafür stellen vier Integrationsebenen dar, welche die Ansprüche für eine am Menschen orientierte Planung skizzieren. Erst wenn die Verkehrsplanung normativ, politisch, fachlich und räumlich integriert wurde, kann sie ihr volles Potential hinsichtlich einer nachhaltigen Verkehrsentwicklung ausschöpfen. Das wir eine grundlegende Neuausrichtung der Verkehrsplanung benötigen ist dabei aus aktueller Sicht unumstritten, da die bisherigen Ansätze es nicht schafften, die katastrophalen Effekte des Verkehrs auf Mensch, Umwelt und Klima maßgeblich zu reduzieren. Die Integrierte Verkehrsplanung stellt hierfür weiterhin einen vielversprechen Lösungsansatz dar, kooperativ und evidenzbasiert Mobilität und Verkehr zu gestalten.
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