ISSN 1671-3710
CN 11-4766/R
主办:中国科学院心理研究所
出版:科学出版社

›› 2010, Vol. 18 ›› Issue (10): 1636-1643.

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Status Quo Bias with A Focus on Psychological Mechanisms, Its Influential Factors and Application Inspirations

LIU Teng-Fei;XU Fu-Ming;ZHANG Jun-Wei;JIANG Duo;CHEN Xue-Ling   

  1. (1 School of Psychology, Central China Normal University, and Hubei Human Development and Mental Health Key
    Laboratory, Wuhan 430079, China)
    (2 Institute of Psychology, Chinese Academy of Sciences, Beijing 100101, China)
  • Received:2010-03-30 Revised:1900-01-01 Online:2010-10-15 Published:2010-10-15
  • Contact: XU Fu-Ming

Abstract: Status quo bias refers to the phenoomenon that people tend to do nothing or maintain their current or previous decisions in decision making. Status quo bias includes endogenously determined status quo bias and exogenously determined status quo bias. There are two ways for researchers to interpret this phenomenon: loss aversion and regret theory. The factors to influence status quo bias include such as follows: number of alternatives, emotion, traits of the decision maker as his cognition and motivation. Status quo bias is conducive to understanding everyday decision behaviors and is valuable for such practical areas as sale, management and public policies. Further deep exploration is needed to clarify the relationship between status quo bias and other decision phenomena, to deepen our understanding of its original roots and at last to expand its applied values.

Key words: status quo bias, loss aversion, regret theory, decision making