The so-called "status quo bias" in decision-making refers to the tendency for people to ____.
A) want to keep things the way they are instead of changing
B) want to do whatever it is that other people are doing
C) place more emphasis on present (immediate) outcomes than on future outcomes
D) place more emphasis on definite outcomes than on probable outcomes

Question

Quizplus · Accepted Answer

Status quo bias refers to the tendency for people to favor the current state of affairs and resist change or making decisions that could potentially alter the current state. This bias can result in individuals being less willing to take risks or make changes, even if it would be beneficial in the long run.

The So-Called "Status Quo Bias" in Decision-Making Refers to the Tendency