When it comes to enacting policy changes, loss aversion often leads to status quo bias because:
A)people's estimates of their gains from the policy are often too large.
B)people's estimate of their losses from the policy are often too small.
C)the support from those who stand to gain from the policy often overwhelms the resistance from those who stand to lose.
D)the resistance from those who stand to lose from the policy often overwhelms the support from those who stand to gain.

Question

Quizplus · Accepted Answer

The general resistance to change, often stemming from loss aversion, is known as status quo bias.

When It Comes to Enacting Policy Changes, Loss Aversion Often