Status quo bias is the:
A) general enthusiasm for change, often stemming from regression to the mean.
B) general resistance to change, often stemming from loss aversion.
C) inefficiency that stems from constant change.
D) inefficiency that stems from anchoring and adjustment.
Correct Answer:
Verified
Q79: Impulse control problems can arise when people:
A)discount
Q80: The fact that people sometimes regret having
Q81: In the realm of public policy, loss
Q82: According to the adaptive rationality standard, people
Q83: According to the adaptive rationality standard, one
Q85: A game in which the first player
Q86: The general resistance to change, often stemming
Q87: When it comes to enacting policy changes,
Q88: The _ assumes that people choose efficient
Q89: Traditional economic models cannot explain why:
A)some people
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents