In the arena of decision making,status-quo bias means that the "'default'" option:
A)has a lot of power.
B)is most likely to be chosen.
C)Is the one that will automatically take place if the chooser fails to make an active decision.
D)All of these statements are true.

Question

Quizplus · Accepted Answer

Status-quo bias refers to the tendency to stick with the default option, which has a lot of power and is most likely to be chosen. If the chooser fails to make an active decision, the default option is the one that will automatically take place. Therefore, all of these statements are true.

In the Arena of Decision Making,status-Quo Bias Means That the "'Default