Status quo bias: Difference between revisions
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Revision as of 22:28, 16 April 2021
Behavioural skills - cognitive bias.
Status quo bias includes the tendencies to:
- Favour inaction over action; and
- Continue to support previously made decisions.
Examples include the substantial differences between the proportions of people making the identical choices, depending whether the choice is structured as an "opt in" or "opt out".
Opt out policy design results in signficantly higher participation rates, because of the status quo bias to take no action.
Default bias is also known as default bias.
See also
- Affinity bias
- Anchoring
- Bandwagon bias
- Behavioural economics
- Behavioural skills
- Choice supporting bias
- Cognitive bias
- Confirmation bias
- Default
- Diversity
- Dunning-Kruger effect
- Emotional intelligence
- Executive coaching
- Hindsight bias
- Impostor syndrome
- Maslow's hammer
- Objectivity
- Optimism bias
- Reactance bias
- Self-investment bias
- Self-serving bias
- Social bias
- Source bias
- Working effectively with others
