Abstract
Reference effects help account for several behavioral biases, including framing, status quo, and omission effects. Despite the importance of reference effects, little is understood about how decision makers adopt a referent. This study investigates the roles of status quo and framing conditions in the selection of reference alternatives. Full-time employees made health care financing decisions within a problem context containing multiple reference candidates. Results from this work demonstrate that the status quo bias can operate at multiple levels and that the status quo bias does interact with framing. In addition, these results demonstrate that subjects manifest the status quo bias within the domain of health care financing decisions.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: Organizational Behavior and Human Decision Processes
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
