Research and Replication on Status Quo Bias The initial research exploring whether individuals tend to choose to maintain the status quo was conducted by Samuelson and Zeckhauser (1988). Their ...

Summer meetings might pose a scheduling challenge, but financial advisors could help clients avoid costly mistakes by guiding ...

This is the 10th article in the Behavioral Finance and Macroeconomics series, exploring the effect behavior has on markets and the economy as a whole and how advisors who understand this relationship ...

Disruptive innovations change the status quo and fundamentally alter the way businesses, consumers and industries operate. In general, these innovations simplify complex processes, leveraging ...

Status quo bias — the tendency to keep things as they are rather than run the risk that an initiative might fail — can keep companies in a rut.

Opinions expressed by Entrepreneur contributors are their own. Recognizing and mitigating cognitive biases is crucial for making informed decisions. Status quo, recency and overconfidence biases are ...

A group of Dutch researchers assessed the impact of including stakeholder input in the design process of solar power plants. It found that a co-designed approach may help counter the resistance of ...

Like it or not, many industries are resistant to change. After all, most people don’t like change, either. The status quo works well (or at least well enough), and the perceived dangers of trying to ...

Fortunately, behavioral economics research has evaluated this "status quo bias " for over 30 years. So, let's explore when it happens, why, and what you can do about it. Research and Replication on ...