According to prospect theory,people tend to favor default options.This is known as the:

A) self-serving bias.
B) availability heuristic.
C) status quo bias.
D) framing bias.

Question

According to prospect theory,people tend to favor default options.This is known as the:A)  self-serving bias.B)  availability heuristic.C)  status quo bias.D)  framing bias.

Terso Gregorio · Accepted Answer

Final Answer : C, Explanation :  According to prospect theory, individuals tend to prefer the default option, also known as the status quo bias. This occurs because people have a tendency to view the default option as the safer choice and fear the potential losses that may accompany a different decision.

According to prospect theory,people tend to favor default options.This is known as the:

A) self-serving bias.
B) availability heuristic.
C) status quo bias.
D) framing bias.

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Learning Objectives

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