The Status Quo Bias Is Best Described As

question 37

Multiple Choice

The status quo bias is best described as:

• A) the tendency to seek information that confirms a decision.
• B) the tendency to seek information that disconfirms a decision.
• C) the tendency to favor the 'here and now' and to reject potential change.
• D) the tendency to make decisions using information that is more powerful and important.

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Definitions:

Serial Position Effect

A phenomenon in memory that suggests people tend to recall the first and last items in a series best, and the middle items worst.

Primacy Effect

The tendency to remember information at the beginning of a list better than information in the middle or end.

Recency Effect

The tendency to better remember information that is encountered last in a series.

Salience Effect

Refers to the tendency of individuals to focus on items or information that stand out more noticeably or are more significant to them.