Social Psychology Commons^™

Cultural Values And Maintaining The Status Quo, Andrew Clapper, Adam Smiley, Michael Oliver

Science University Research Symposium (SURS)

Research on status quo bias suggests that all else equal, people prefer to maintain the current state of the world rather than making changes (Samuelson & Zeckhauser, 1988). Relatedly, people tend to value objects more when they possess them than when they do not, in what is known as the “endowment effect” (Kahneman et al., 1991; Morewedge et al., 2015). However, little attention has been paid to reaction times in making decisions in the presence of a status quo or a possessed object. Our study examines the individual differences which affect reaction times in selecting between status quo and novel …