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Status quo is a Latin phrase meaning the existing state of affairs, particularly with regard to social, economic, legal, environmental, political, religious, scientific or military issues. [1] In the sociological sense, the status quo refers to the current state of social structure or values. [ 2 ]
Status quo bias has been attributed to a combination of loss aversion and the endowment effect, two ideas relevant to prospect theory.An individual weighs the potential losses of switching from the status quo more heavily than the potential gains; this is due to the prospect theory value function being steeper in the loss domain. [1]
Status quo state is a term from power transition theory within the wider field of international relations. It is used to describe states, that unlike revisionist states , see the international system of states, international law and often even free market economics as integral aspects of the international spectrum that should be upheld.
status quo: the state in which: The current condition or situation. status quo ante: the state in which [things were] before: The state of affairs prior to some upsetting event. Often used as a legal term. status quo ante bellum: the state before the war: A common term in peace treaties. stet: let it stand
After all, unhappy people tend to challenge the status quo. The murder of UnitedHealthcare CEO Brian Thompson last week set off a torrent of complaints about fairness in healthcare costs, making ...
status quo status quo ante statu quo: the state in which In contract law, in a case of innocent representation, the injured party is entitled to be replaced in statu quo. Note the common usage is status quo from the Latin status quo ante, the "state in which before" or "the state of affairs that existed previously." [10] stratum
Nov. 28—The often-told analogy involves a now-former Hawaii basketball coach's halftime speech. The often-told analogy involves a now-former Hawaii basketball coach's halftime speech.
System justification theory is a theory within social psychology that system-justifying beliefs serve a psychologically palliative function. It proposes that people have several underlying needs, which vary from individual to individual, that can be satisfied by the defense and justification of the status quo, even when the system may be disadvantageous to certain people.