Much of the time, people are interested in keeping their options open rather than making restrictive, final decisions. Two forms of decision avoidance that help people postpone decisions are ____.
A)the status quo bias and the certainty effect
B)the omission bias and the certainty effect
C)temporal discounting and the certainty effect
D)the status quo bias and the omission bias

Question

Quizplus · Accepted Answer

The status quo bias refers to the preference to keep things the same or maintaining a current or previous decision. The omission bias involves a tendency to favor an act of omission (not doing something) over one of commission (doing something), especially when making changes could lead to negative outcomes. Both biases help individuals postpone decisions by favoring inaction or sticking with current choices, thus avoiding the commitment to new, potentially restrictive decisions.

Much of the Time, People Are Interested in Keeping Their