Pennesi, Daniele - Collegio Carlo Alberto, Università degli Studi di Torino - 2013
This paper proposes an intuitive definition of status quo that is model-free and given in terms of observable choices … only. We do not rationalize status quo-dependent preferences, to the contrary, we show that models of decision under … ambiguity already predict behavioral phenomena ascribed to status quo bias. In particular, an ambiguity averse individual keeps …