Change tends to be difficult. This is true whether the change in question is something as personal as a New Year's resolution or as impersonal as updating a business procedure or law. Nevertheless, it ...

This is the 10th article in the Behavioral Finance and Macroeconomics series, exploring the effect behavior has on markets and the economy as a whole and how advisors who understand this relationship ...

Status quo bias is a cognitive bias that explains our preference for familiarity. Many of us tend to resist change and prefer the current state of affairs. How powerful is this cognitive bias?

The list goes on and on. Once, category leaders, all these companies saw their success decline due to the all-too-familiar adversary that was once the reason for their initial growth: the status quo.

Status quo bias — the tendency to keep things as they are rather than run the risk that an initiative might fail — can keep companies in a rut.

The “status quo” in the South China Sea is a slippery concept that does little to advance a rules-based order. As East Asia’s maritime disputes continue to bubble, concern with the “status quo” is ...