The Status Quo Bias Is Different from the Omission Bias

question 70

Multiple Choice

The status quo bias is different from the omission bias in that the former is about making decisions that ____, while the latter is about making decisions that ____.

• A) keep things the same; require little effort
• B) keep things the same; avoid risks
• C) are similar to other people's decisions; require little effort
• D) are similar to other people's decisions; avoid risks

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Definitions:

Data Hierarchy

A systematic organization of data often in a hierarchical form ranging from bits and bytes up to databases.

Byte

A unit of digital information that most commonly consists of eight bits, representing a single character of data in most computer systems.

Database

An organized collection of structured information, or data, typically stored electronically in a computer system.

Entity

In general context, an entity refers to any distinct, existent thing or unit, including individuals, organizations, or other identifiable things in a particular domain of discussion.