Words / S / Business

status quo bias

noun/ˌsteɪtəs ˈkwəʊ ˌbaɪəs/

C2CEFR level
80/100Rarity: very rare
TechnicalRegister

An irrational preference for the current state of affairs over any change.

Status quo bias kept most employees in the default fund even when cheaper options were one click away.

Similar: inertia

Topic: Economics in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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