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Status quo bias: Quiz

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Question 1: They attribute it to a combination of ________ and the endowment effect, two ideas relevant to prospect theory.
Status quo biasLoss aversionSunk costsBehavioral economics

Question 2: The finding has been observed in many fields, including political science and ________.
Heterodox economicsKeynesian economicsMoneyEconomics

Question 3: The status quo bias is a ________ for the status quo; in other words, people tend not to change an established behavior unless the incentive to change is compelling.
Cognitive biasCognitive dissonanceObserver-expectancy effectSocial psychology (psychology)







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