Below are some general ideas I captured from a guy named Mark Batterson.
Status Quo Bias
A couple decades ago, a pair of psychologists named William Samuelson and Richard Zeckhauser discovered a phenomenon they dubbed the status quo bias. Simply put: most of us have a tendency to keep doing what we've been doing without giving it much thought. And on one level it’s harmless. People tend to settle in to status quo living. We are simply creatures of habit. But maintaining the status quo can become detrimental.
For example, a study was done on college professors who were part of a pension plan. And the researchers discovered that the professors picked a plan upon entering the program, and while they had the freedom to change plans based on life circumstances or market conditions or even the size of their portfolio, the median numbers of changes in their asset allocation was zero! In other words, most of them picked a plan and forgot about it. They stopped evaluating. By the way, what was even more telling is that many of the married participants who joined the program when they were single still had their mothers listed as their beneficiaries.
Have you have ever been offered a free subscription to a magazine for the first year? Why would we be offered something for free? It’s because magazine companies understand the status quo bias. Most of us will forget to cancel. And it’s not really that we’ve forgotten. We’re just too lazy to make a simple phone call or write a simple letter. Right? That is human nature! We tend to keep doing what we’ve been doing. And the problem with that is this: if you keep doing what you’ve always done you’ll keep getting what you’ve always gotten.
As we get ready to begin a New Year, let's challenge the status quo. I know there is nothing magical about midnight on December 31st. And not everybody has a resolution personality. But all of us need to make changes. Take some time to evaluate your life spiritually, relationally, physically, emotionally, and intellectually. What changes do you need to make? Is there something you need to stop doing or start doing? What do you need to do more or do less? I've always felt like New Years is an opportunity to reevaluate and recalibrate my life. The only other option is maintaining the status quo.
What New Year's Resolution are you making this year?
700 Posts...
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This is the 700th post on 27gen - I hope you've enjoyed the ride!
Starting Monday May 16th, I'm moving this blog over to 27gen.com. The
archives here will ...
14 years ago