Solved

The Default Option Bias Implies That the Default Option Is

Question 20

True/False

The default option bias implies that the default option is specified by an outsider, whereas the status quo bias does not have this implication.

Related Questions

Q15: There are three bundles of goods:

Q16: A preference for the default option is

Q17: If the amount of utility I receive

Q18: If there is a violation of transitivity

Q19: A default option is the option that

Q21: The status quo bias is necessarily inconsistent

Q22: The policy implication of the default option

Q23: Consider two goods: <span class="ql-formula"

Q24: An individual whose preferences are given by

Q25: A difference in willingness to pay and