status quo bias. We evaluated interest rate forecast series from twelve industrial nations. This revealed that, on average …Status quo bias is a systematic cognitive error which makes it difficult for individuals to make decisions …, forecasts were much too close to the status quo - the current interest rate at the time when the forecast was made. With the aid …

-year forecast error. Our findings in the Saudi financial market reveal a tendency for overreaction to positive prior-year earnings … change (good performance) and positive prior-year forecast errors (good surprise). Conversely, there is an underreaction to … the negative prior-year earnings change (bad performance) and negative prior-year forecast error (bad surprise). Notably …