Contributed by @philhagspiel |  Edited and curated by @philhagspiel

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As humans, we tend towards liking things as they are because we perceive the current state of affairs and current situations as the way they ought to be. Psychologically, we tend towards interpreting changes as losses.

This effect underlies the power of default settings, why we often have a hard time letting go or why we don't want to give up things we have — even if they don't serve us.

Likewise, the status quo bias explains why we often have problems to think about and trigger changes in social norms, why we irrationally stick to suboptimal solutions in business, political and social contexts, and why we usually resist scientific research on the fringes of ethics.

— Gary Kasparov

— Laurence J. Peter

— Seth Godin

— Jay Samit

➞ To get a deep understanding of the status quo bias and what we know about it, go through this Wikipedia article.

➞ For a full picture of how the status quo bias translates into everyday life, read up on loss aversion, the endowment effect and system justification.

➞ This video by Dan Ariely is a great introduction to how loss aversion and the endowment effect work.