8. Status Quo Bias: - Deepstash
8. Status Quo Bias:

8. Status Quo Bias:

People prefer things to stay the same and are resistant to change, even when change could be beneficial. You might resist switching to a new phone model even though it offers significant improvements over your current one.

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alexbene

Being an ambivert person, I am too much fond of reading, and always eager to learn.

These cognitive biases and mind traps influence decision-making, perception, and behavior in various aspects of our lives. Recognizing them can help us make more rational and informed choices.

Similar ideas to 8. Status Quo Bias:

Common Explanations for Status Quo Bias

These explanations are all irrational for preferring the status quo:

  • Loss Aversion: When we make decisions, we weigh the potential for loss more heavily than the potential for gain.
  • Sunk Costs: We continue to invest resources like time, mone...

Optimism bias

One possible reason for the "optimism bias" is found in the way we learn new information. People are quicker to change their beliefs when the information is better than expected, compared to information that is worse than expected.

  • If people were told that lockdown would be eased ...

What if I'm the one with the need to control others?

We might be doing unconsciously. The trigger comes from financial problems, being abandoned by our significant other, or even the loss of a loved one. They’re significant moments when the emptiness becomes tangible and suffocating. 

Moments where fear grips us and we can’t ...

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