Riella, Gil; Teper, Roee - In: Games and Economic Behavior 87 (2014) C, pp. 288-304
termed status quo bias. We present the probabilistic dominance approach to status quo bias: an alternative is considered … acceptable to replace the status quo only if the chances of a (subjectively) severe loss, relative to the status quo, are not too … comparative notion of “revealing more bias towards the status quo” and study its implications to the probabilistic dominance model …