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Status quo bias if it ain't broke, don't fix it

Status quo bias - if it ain't broke, don't fix it

Jul 15, 20251 min read

  • sapling

When making decision, we overemphasize the good aspects of current situation and underestimate benefits that come from making a change. We choose not to choose to keep things the same. We also tend to stick to default options to avoid making choices — Default effect - you can change human behavior with a default setting.


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Backlinks

  • Personal Financial Literacy
  • Cognitive biases
  • Default effect - you can change human behavior with a default setting
  • The Courage to Be Disliked

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