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Status Quo Bias

"The example also illustrates what Samuelson and Zeckhauser (1988) call a status quo bias, a preference for the current state that biases the economist against both buying and selling his wine."
Thaler (1992) page 63

"One implication of loss aversion is that individuals have a strong tendency to remain at the status quo, because the disadvantages of leaving it loom larger than the advantages. Samuelson and Zeckhauser (1988) have demonstrated this effect, which they term the status quo bias.
Thaler (1992) page 68

"“The status quo bias”—individuals’ tendency to prefer to remain at the status quo—is similarly attributed to loss aversion: It is assumed that the loss of the status quo option looms larger than the gain of an alternative option (e.g. Kahneman et al., 1991)."

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