Sentences with phrase «status quo bias»

Doing so would have confused and perhaps divided their own political coalition which had a strong status quo bias.

It prompted me to think about the influence of Status Quo bias in our investing journey.

The problem is what they call status quo bias: We're hard - wired to do nothing in most cases, even when the data tell us that's unwise.

For example, bell schedules, grading policies, academic department structures, fixed sense of course scope and sequence, and familiarity with whole - group instruction may all be exerting the tug of status quo bias.

Status quo bias makes it difficult to pull the trigger when your gut does not agree with what the model says you should do.

As noted in the Introduction, loss aversion and status quo bias constitute formidable psychological barriers to efforts to galvanise support for emission reductions.

This time pressure buttresses inherent status quo bias.

Because line lawyers who started at law firms and who were brought in - house in order to oversee law firms are predisposed to treat ALSPs just like law firms (which, to return to the digression, is one reason why the law firm relationships are so hard to change; law firms do not have a monopoly on status quo bias).

Better to limit our exposure (quarterly check - ins work just fine) and exercise our status quo bias in this instance.

Common biases plaguing investors include: representative bias, cognitive dissonance, home country bias, familiarity bias, mood and optimism, overconfidence bias, endowment effects, status quo bias, reference point and anchoring, law of small numbers, mental accounting, disposition effects, attachment bias, changing risk preference, media bias and internet information bias.

Instead, there is more likely a status quo bias, based upon large uncertainties surrounding changes in course of action.

One of the most common shortcuts is «status quo bias».

One of the most common is «status quo bias».

This status quo bias arises from three facts of political life.

This phenomenon helps explain what reformers often bemoan as a «status quo bias» that frustrates new ideas in education.

Status quo bias is an emotional bias; a preference for -LSB-...]

The video, featuring the science writer Joe Hanson, explores a vital body of empirical studies on human risk misperception, showing how a rational view of long - term or diffuse threats is obscured by «status quo bias,» our «finite pool of worry,» our tendency to value tribal connections over reality through what researchers call «cultural cognition,» and other characteristics of what I call our «inconvenient mind.»

Apart from the strong «status quo bias» there is «irrational rejectionism», the dogmatic dismissal of a system with which the sceptic has no direct experience or because their own profession is unique.

This «status quo bias» can oftentimes blind law firm leadership from considering alternative courses of action to improve efficiency and profitability.

Behavioral economists and cognitive psychologists call this status quo bias.

Some of these seem to be linked by a shared emotional basis: the «endowment effect» (overvaluation of what we already have), «status quo bias» (an emotional preference for maintaining the status quo), and «loss aversion» (the tendency to attribute much more weight to potential losses than potential gains when assessing risk) are all related to an innate conservatism about what we feel we have already invested in.

Kahneman et al. (1991) The endowment effect, loss aversion, and status quo bias.

There may be several reasons for this (the status quo bias, for one), but here I want to focus on perceived control.