What Is the Difference Between the Status Quo Bias and the Default

Multiple Choice

What is the difference between the status quo bias and the default option bias?

A) No difference.
B) The default option bias is a bias that occurs when there is a preference for a default option and a status quo bias is a bias that results from a preference for the currently chosen option.
C) The default option bias is a bias that occurs when there is a preference for a default option and a status quo bias is a bias for what other individuals have chosen.
D) The default option bias is a preference for failing to pay back loans, whereas a status quo bias is a bias that results from a preference for the currently chosen option.