Rational status quo

DOI10.1016/J.JET.2019.02.009MaRDI QIDQ2415992zbMATH OpenOpenAlexFDO

Authors Itzhak Gilboa, F. Wang

Publication date 23 May 2019

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jet.2019.02.009

zbMATH Keywords

case-based decisionsinertiastatus quosystem 1system 2

Mathematics Subject Classification ID

Decision theory (91B06)

Recommendations

• Rational choice with status quo bias
• The dynamics and revealed preference of status-quo optimality
• Choice by sequential procedures
• Probabilistic dominance and status quo bias
• Status quo bias, multiple priors and uncertainty aversion

Cites work

• A new look at the statistical model identification
• Axiomatic derivation of scoring rules without the ordering assumption
• scientific article; zbMATH DE number 3638998 (Why is no real title available?)
• scientific article; zbMATH DE number 3087284 (Why is no real title available?)
• Inductive Inference: An Axiomatic Approach
• Limited information capacity as a source of inertia
• Simplicity and likelihood: an axiomatic approach
• Social Choice Scoring Functions
• The framing of decisions and the psychology of choice

Cited in

(4)

• Status quo bias actually helps decision makers to take nonlinearity into account: an explanation
• Conservative belief and rationality
• Rationalization
• Bureaucracy in quest of feasibility

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