Status quo bias
Revision as of 07:50, 25 August 2020 by Dirkjan (talk | contribs) (Created page with "In Nudge: Improving Decisions About Health, Wealth, and Happiness the'''Status quo bias''' this is when peop...")
In Nudge: Improving Decisions About Health, Wealth, and Happiness theStatus quo bias this is when people are very likely to continue a course of action since it has been traditionally the one pursued, even though this course of action may clearly not be in their best interest. An example of the status-quo bias at work would be when magazine companies offer trials of their magazines for free, but then, after the trial has ended, continue to send magazines and charge the customer until he or she actively ends the subscription. This leads to many people receiving and paying for magazines they do not read.
