The tendency to avoid making a decision is:

Question

Quizplus · Accepted Answer

The tendency to avoid making a decision is known as status quo bias. This bias refers to individuals' preference for maintaining the current state of affairs instead of making a change, even if the change may be more beneficial in the long run. It is a cognitive bias that affects decision-making and can lead to missed opportunities and suboptimal outcomes. Bounded rationality refers to the limitations of human decision-making, loss aversion is the tendency to avoid losses more than acquiring gains, and mental accounting refers to the tendency to treat money differently based on its source or intended use.

The Tendency to Avoid Making a Decision Is