imported>Doug Williamson |
imported>Doug Williamson |
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| ''Behavioural skills - cognitive bias''. | | ''Financial conduct''. |
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| Default bias includes the tendencies to:
| | Payment for Order Flow. |
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| *Favour inaction over action; and
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| *Continue to support previously made decisions.
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| | ==See also== |
| | *[[Conduct]] |
| | *[[Financial Conduct Authority]] |
| | *[[Payment for Order Flow]] |
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| 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".
| | [[Category:Compliance_and_audit]] |
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| Opt out policy design results in signficantly higher participation rates, because of the default bias to take no action.
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| Default bias is also known as ''status quo bias''.
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| == See also ==
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| * [[Affinity bias]]
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| * [[Anchoring]]
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| * [[Bandwagon bias]]
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| * [[Behavioural economics]]
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| * [[Behavioural skills]]
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| * [[Choice supporting bias]]
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| * [[Cognitive bias]]
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| * [[Confirmation bias]]
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| * [[Default]]
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| * [[Diversity]]
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| * [[Dunning-Kruger effect]]
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| * [[Emotional intelligence]]
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| * [[Executive coaching]]
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| * [[Hindsight bias]]
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| * [[Impostor syndrome]]
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| * [[Maslow's hammer]]
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| * [[Objectivity]]
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| * [[Optimism bias]]
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| * [[Reactance bias]]
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| * [[Self-investment bias]]
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| * [[Self-serving bias]]
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| * [[Social bias]]
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| * [[Source bias]]
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| * [[Status quo bias]]
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| * [[Working effectively with others]]
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| [[Category:Commercial_drive_and_organisation]]
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| [[Category:Influencing]]
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| [[Category:Self_management_and_accountability]]
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| [[Category:Working_effectively_with_others]]
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| [[Category:Financial_management]]
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| [[Category:Knowledge_and_information_management]]
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| [[Category:The_business_context]] | |
