L4. Status Quo Bias and Default
Schema della sezione
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Jill is a transfer student who arrived on campus several months ago, deciding to live off campus. When she was hungry on her first day after arriving, she walked around the street near her apartment, where dozens of restaurants were located. Each of the restaurants looked good, and eventually she decided simply to walk in the next one she came across. Since that time, she has tried some of the other restaurants nearby, and some are very good, but she most often eats at that same restaurant. It is not the nearest to her apartment, but nonetheless she considers it worth the walk. Consider also a person who is buying auto insurance for the first time, meeting with the insurance agent. The policies are rather complicated and involve making decisions regarding several different parameters (e.g., collision coverage, deductibles).
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