Is Status Quo Bias Consistent With Downward Sloping Demand?

Donald Wittman

Santa Cruz Department of Economics, Working Paper Series from Department of Economics, UC Santa Cruz

Abstract: We show that status-quo bias combined with downward-sloping demand implies addictive behavior. This result does not depend on transitivity, a complete ordering, or even the existence of a preference relation that rationalizes choices.

Keywords: Status; quo; bias (search for similar items in EconPapers)
Date: 2005-02-01
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Journal Article: IS STATUS QUO BIAS CONSISTENT WITH DOWNWARD‐SLOPING DEMAND? (2008)
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