Browse & Filter Biases

Showing 187 biases.

Need To Act Fast

To avoid mistakes, we aim to preserve autonomy and group status, and avoid irreversible decisions

Status quo bias

Description

A preference for the current state of affairs. The current baseline (or status quo) is taken as a reference point, and any change from that baseline is perceived as a loss.

Status quo bias in business decision

A company may resist adopting a new, more efficient software system because employees are comfortable with the old system, even if the new one offers significant advantages.

Status quo bias in personal life decision

You stick with your current bank despite better offers because change seems risky.