MORE IDEAS FROM THE ARTICLE
It occurs when we are in a “hot” state of mind and incorrectly assume that our current needs will be the same as our future needs. As a result, we tend to make decisions based on how we feel right now instead of how we might feel in the future.
Another way to think about it is that we tend to make decisions that make sense in the moment, but they don’t always work out the way we anticipated.
Status quo bias is when we prefer that our environment and situation should remain unchanged.
The bias has the most impact in the area of decision-making, as we tend to prefer the more familiar choice over the less familiar, but often better, option.
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