In the arena of decision making,status-quo bias means that the "â€˜default'" option:
A) has a lot of power.
B) is most likely to be chosen.
C) is the one that will automatically take place if the chooser fails to make an active decision.
D) All of these statements are true.

Question

Quizplus · Accepted Answer

Status-quo bias refers to the preference for the current state of affairs, meaning the default option is powerful, likely to be chosen, and will occur if no active decision is made.

In the Arena of Decision Making,status-Quo Bias Means That the "â€˜Default