Behavioral Anomalies and Energy-Related Individual Choices: The Role of Status-Quo Bias

AbstractWe examine the role of status quo bias in the ballot wording of social issues that affect the rights of minority groups. We test the salience of this framing bias by conducting an experiment that randomly assigns different ballot wordings for five policies across survey respondents. We find that status quo bias changes the percent of individuals who vote for the ballot measure by 5–8 percentage points with the least informed individuals being the most affected by status quo bias.

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Customers' Continuance Intention Regarding Mobile Service Providers

Journal of Global Information Management ◽

10.4018/jgim.2016100101 ◽

2016 ◽

Vol 24 (4) ◽

pp. 1-21 ◽

Cited By ~ 2

Author(s):

Anis Khedhaouria ◽

Roy Thurik ◽

Calin Gurau ◽

Eric van Heck

Keyword(s):

Service Provider ◽

Service Providers ◽

Status Quo ◽

Status Quo Bias ◽

Mobile Service ◽

Continuance Intention ◽

Phone Service ◽

Using Data ◽

Moderating Role

Using a status quo bias perspective, this paper examines the relation between customers' inertia and continuance intention, identifying the moderating role of contractual subscription on this relationship. The authors' model is validated using data collected from 457 mobile phone service customers and partial least squares. Results show that customers continue with mobile service providers due to their inertia resulting from habit and switching costs. The effect of customers' inertia on their continuance intention is stronger when they have a contractual subscription with the mobile service provider. The authors' results show the importance of including inertia when studying customers' continuance intention and taking into account the specific moderating effect of contractual subscription.

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The Psychology of Speculation in the Financial Markets

10.1093/acprof:oso/9780190269999.003.0026 ◽

2017 ◽

Author(s):

Victor Ricciardi

Keyword(s):

Financial Crisis ◽

Financial Markets ◽

Behavioral Finance ◽

Group Behavior ◽

Status Quo ◽

Status Quo Bias ◽

Long Term Effects ◽

The Impact

This chapter discusses the role of speculation in the financial markets that influences individual and group behavior in the form of bubbles and crashes. The chapter highlights behavioral finance issues associated with bubbles, such as overconfidence, herding, group polarization, groupthink effect, representativeness bias, familiarity issues, grandiosity, excitement, and the overreaction and underreaction to prices. These issues are important for understanding past financial mistakes because history often repeat itself. The chapter also examines the aftermath of the financial crisis of 2007–2008 on investor psychology, including the impact of a severe financial downturn, anchoring effect, recency bias, worry, loss averse behavior, status quo bias, and trust. The aftermath of the financial crisis might have negative long-term effects on investor psychology in which some investors remain overly risk averse, resulting in under-investment in stocks and over-investment in cash and bonds.

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How to Influence Users’ Willingness to Explore the Use of Sports and Fitness Apps in China

Asian Social Science ◽

10.5539/ass.v18n1p7 ◽

2021 ◽

Vol 18 (1) ◽

pp. 7

Author(s):

Lu Suo

Keyword(s):

Online Survey ◽

Status Quo ◽

Status Quo Bias ◽

Perceived Need ◽

Health Goals ◽

Health Goal ◽

Setting Theory ◽

The Relationship

The aim of this paper is to investigate how inertia affects users' willingness to explore the use of sports and fitness apps under the influence of status quo bias, and to explore the role of health goals in the process of exploring use based on goal setting theory. The population in this research is Chinese users who have already installed or used a sports and fitness app on their mobile device. Through an online survey technique, we collected 449 valid questionnaires by convenience sampling method. The results confirm that inertia negatively influences the users’ willingness to explore the use of sports and fitness apps and that inertia negatively influences perceived need, which, in turn, reduces the willingness to explore the use of sports and fitness apps; Furthermore, this study also verified health goal positive moderate the relationship between inertia and perceived need, as well as the relationship inertia and users’ willingness to explore the use of sports and fitness apps, revealing that health goals can effectively adjust for the effects of status quo bias in mobile fitness exercise. This study provides useful suggestions for the development and operation of sports and fitness app enterprises to help them make suitable marketing strategies according to users' needs, thus promoting the long-term development of sports and fitness app enterprises.

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