Status quo bias
Status quo bias is a cognitive bias that refers to the preference for the current state of affairs. Individuals exhibiting this bias favor decisions or policies that maintain things as they are, rejecting changes even when those changes might lead to better outcomes. This bias is often influenced by a need to preserve autonomy and maintain one's current status.
How it works
Status quo bias typically arises due to psychological comfort with existing conditions and fear of the unknown that changes might bring. It can be attributed to a combination of factors including loss aversion, where potential losses have more psychological impact than equivalent gains, and the perception that maintaining the current state requires less effort and decision-making. This bias is motivated by a desire to maintain control and avoid potential negative consequences, preserving one's autonomy and status.
Examples
- In organizational settings, employees might resist new technology adoption because they are accustomed to current processes.
- Voters might support incumbent politicians over new challengers, even if they are dissatisfied with current governance, due to the uncertainty associated with change.
- Consumers sticking to brands they know, rather than trying new products, showing preference for familiar choices.
Consequences
Status quo bias can lead to suboptimal decision-making, stagnation, and resistance to beneficial changes in various domains, such as technology adoption, policy formulation, and personal growth. In the long term, it may result in organizations missing out on opportunities for improvement and innovation.
Counteracting
Counteracting status quo bias involves awareness and active decision-making strategies that stress evaluating new options critically without undue preference for familiarity. Deliberately considering the potential benefits of change, actively seeking diverse perspectives, and implementing change incrementally can help mitigate the bias.
Critiques
Critics argue that the term 'status quo bias' might sometimes oversimplify complex decision-making processes and can inaccurately assume that preference for the status quo is inherently irrational or negative. It's important to acknowledge situations where stability is genuinely beneficial.
Also known as
Relevant Research
Status quo bias in decision making
William Samuelson, Richard Zeckhauser (1988)
Journal of Risk and Uncertainty
Rationalizing the status quo bias: Cognitive limitations in decision making
Heeseung Shin, Itamar Simonson (2012)
Journal of Retailing