William Samuelson

ThinkersEconomist

Works

  • Status Quo Bias in Decision Making, Journal of Risk and Uncertainty, 1988

In Tactics of Organizational Politics

Ideas

Status quo bias. In a series of decision experiments, people chose an option disproportionately often when it was framed as the status quo, and field data on faculty choices of health plans and retirement programs showed the same pattern. The authors attribute the bias to transition costs, loss aversion, and psychological commitment to past choices, among other causes. Caveat: A preregistered replication (Xiao, Lam, Piara, and Feldman, Meta-Psychology, 2021) found strong support in three of the four original scenarios it retested and little support in the fourth.

What it explains

Samuelson and Zeckhauser explain why the existing arrangement wins ties and many contests it should lose: framing an option as the current state makes it more likely to be kept. Whoever can define what the status quo is gains an advantage before any debate begins.

Tactics that draw on William Samuelson (26)

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