When shopping online,as part of the check-out process,companies often have a box checked automatically that states you want to receive promotional e-mails from them.The directions instruct you to uncheck the box if you do not wish such correspondence.This practice is a good example of:
A) status-quo bias.
B) endowment bias.
C) endowment effect.
D) time inconsistency.

Question

Quizplus · Accepted Answer

The practice of having the box checked by default is a way of maintaining the status quo and encouraging people to continue receiving promotional emails without actively choosing to do so. This is an example of status-quo bias, which refers to the tendency to prefer things to stay the way they are or to maintain the current situation.

When Shopping Online,as Part of the Check-Out Process,companies Often Have