Prefer the Familiar: How Status Quo Bias Shapes Decision-Making
The article discusses why people tend to stick with familiar choices, even when better options are available. It suggests that this behavior is influenced by factors like fear of losing, avoiding regret, and being anchored to past decisions. The study found that people are more likely to stick with the status quo when they are happy with their current situation and when they have more choices to consider. This research can help understand how individuals and organizations make decisions in various situations.