References
[1]. Samuelson, W., Zeckhauser, R.: Status quo bias in decision making. Journal of risk and uncertainty, 1, 7-59 (1988).
[2]. Rubaltelli, E., Rubichi, S., Savadori, L., Tedeschi, M., Ferretti, R.: Numerical Information Format and Investment Decisions: Implications for the Disposition Effect and the Status Quo Bias. The Journal of Behavioral Finance, 6(1), 19–26 (2005).
[3]. Gigerenzer, G., Hoffrage, U.: How to Improve Bayesian Reasoning without Instruction: Frequency Formats. Psychological Review, 102, pp. 684–704 (1995).
[4]. Jain, T. N.: Alternative methods of accounting and decision making: A psycho-linguistical analysis. The Accounting Review, 48(1), 95-104 (1973).
[5]. Montalto, C. P., Sung, J.: Multiple imputation in the 1992 Survey of Consumer Finances. Financial Counseling and Planning, 7, 133-146 (1996).
[6]. Adisa, T. A., Abdulraheem, I., Isiaka, S. B.: Patriarchal hegemony: Investigating the impact of patriarchy on women’s work-life balance. Gender in Management, 34(1), 19–33. (2019).
[7]. Embrey, L., Fox, J.: Gender differences in the investment decision-making process. Financial Counseling and Planning, 8(2), 33-40 (1997).
[8]. Adrian, T., Rosenberg, J.: Stock Returns and Volatility: Pricing the Short-Run and Long-Run Components of Market Risk. The Journal of Finance (New York), 63(6), 2997–3030. (2008).
[9]. Hogan, C. E., Lewis, C. M.: Long-Run Investment Decisions, Operating Performance, and Shareholder Value Creation of Firms Adopting Compensation Plans Based on Economic Profits. The Journal of Financial and Quantitative Analysis, 40(4), 721–745 (2005).
[10]. Baker, H. K., Ricciardi, V.: How biases affect investor behaviour. The European Financial Review, 7-10. (2014).
[11]. Seawright, R.P.: Investors’ 10 Most Common Behavioral Biases., http://rpseawright.wordpress.com, last accessed 2023/04/16 (2012).
Cite this article
Xiang,M. (2023). The Impact of Status Quo Bias on Investment Decisions. Advances in Economics, Management and Political Sciences,36,138-143.
Data availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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References
[1]. Samuelson, W., Zeckhauser, R.: Status quo bias in decision making. Journal of risk and uncertainty, 1, 7-59 (1988).
[2]. Rubaltelli, E., Rubichi, S., Savadori, L., Tedeschi, M., Ferretti, R.: Numerical Information Format and Investment Decisions: Implications for the Disposition Effect and the Status Quo Bias. The Journal of Behavioral Finance, 6(1), 19–26 (2005).
[3]. Gigerenzer, G., Hoffrage, U.: How to Improve Bayesian Reasoning without Instruction: Frequency Formats. Psychological Review, 102, pp. 684–704 (1995).
[4]. Jain, T. N.: Alternative methods of accounting and decision making: A psycho-linguistical analysis. The Accounting Review, 48(1), 95-104 (1973).
[5]. Montalto, C. P., Sung, J.: Multiple imputation in the 1992 Survey of Consumer Finances. Financial Counseling and Planning, 7, 133-146 (1996).
[6]. Adisa, T. A., Abdulraheem, I., Isiaka, S. B.: Patriarchal hegemony: Investigating the impact of patriarchy on women’s work-life balance. Gender in Management, 34(1), 19–33. (2019).
[7]. Embrey, L., Fox, J.: Gender differences in the investment decision-making process. Financial Counseling and Planning, 8(2), 33-40 (1997).
[8]. Adrian, T., Rosenberg, J.: Stock Returns and Volatility: Pricing the Short-Run and Long-Run Components of Market Risk. The Journal of Finance (New York), 63(6), 2997–3030. (2008).
[9]. Hogan, C. E., Lewis, C. M.: Long-Run Investment Decisions, Operating Performance, and Shareholder Value Creation of Firms Adopting Compensation Plans Based on Economic Profits. The Journal of Financial and Quantitative Analysis, 40(4), 721–745 (2005).
[10]. Baker, H. K., Ricciardi, V.: How biases affect investor behaviour. The European Financial Review, 7-10. (2014).
[11]. Seawright, R.P.: Investors’ 10 Most Common Behavioral Biases., http://rpseawright.wordpress.com, last accessed 2023/04/16 (2012).