@misc{xiao_lam_piara_feldman_2020, 
  title={Revisiting status quo bias: Replication of Samuelson and Zeckhauser (1988)}, 
  DOI={10.31234/osf.io/ta97c}, 
  abstractNote={<p>Status quo bias refers to people's general preference to stick to, or continue with, a previously chosen option. In two pre-registered American online Amazon Mechanical Turk data collections (N1 = 311, N2 = 316), we attempted to replicate four decision scenarios from Samuelson and Zeckhauser (1988), the classic article that provided first experimental demonstration of the status quo bias. We found strong empirical support for the status quo bias in three decision scenarios: budget allocation (Question 1), investment portfolios (Question 2), and college job offers (Question 4). However, we failed to find conclusive support for the wagon color choices scenario (Question 6). We discuss implications of our results and possible explanations using multiple accounts suggested in the status quo bias literature.</p>}, 
  publisher={Center for Open Science}, 
  author={Xiao, Qinyu and LAM, Choi Shan Emma and Piara, Muhrajan and Feldman, Gilad}, 
  year={2020}, 
  month={Feb}
  }