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Status Quo Bias—A Research on Its Applications and the Correlating Mechanism
LU Shiyi
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DOI:10.17265/2159-5542/2024.01.004
Southern University of Science and Technology, Shenzhen, China
After several former studies on the cognitive heuristics and correlating economical influences, the explanatory effectiveness of Status Quo Bias perspective is explained by multiple empirical scenarios. Hence, this essay will focus on three applications in which the Status Quo Bias perspective, correlating models, and research methods would provide insightful opinions. After reviewing the former attempts on the original model and early researchers’ empirical examination on the Status Quo Bias, this essay will concentrate on Status Quo Bias and technology resistance among the public sector employees, Status Quo Bias and medical insurance outcomes, Status Quo Bias and shoppers’ mobile website purchasing resistance respectively. For each application, research methodology will be explained and be integrated into the Status Quo Bias perspective through the research question. Through researching on these applications’ methodology and main studies, discussing cognitive biases existing in the empirical scenarios, the present study could approach to the efficiency of the explanation from Status Quo Bias perspective.
literature review, Status Quo Bias, technology resistance, quantitative study, behavioral economics
Psychology Research, January 2024, Vol. 14, No. 1, 36-43
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