The So-Called "Status Quo Bias" in Decision-Making Refers to the Tendency

question 174

Multiple Choice

The so-called "status quo bias" in decision-making refers to the tendency for people to ____.

• A) want to keep things the way they are instead of changing
• B) want to do whatever it is that other people are doing
• C) place more emphasis on present (immediate) outcomes than on future outcomes
• D) place more emphasis on definite outcomes than on probable outcomes

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Definitions:

Deviance

Behaviors or actions that breach the norms or values held by society.

Deviant Reality

The concept that deviation from societal norms and expectations is subjective and varies across different cultures and communities.

Phenomenologists

Scholars focusing on the lived experience and consciousness to explore the fundamental nature of reality, emphasizing the importance of personal perception in understanding phenomena.

Phenomenologists

Scholars or philosophers who study phenomenology, focusing on the conscious experience and the essence of phenomena.