disiz64

status quo - has nothing to do with information / forecasts.. Remember it is an emotional bias.
Information / forecasts start to creep in with Cognitive biases.
Information - sticking to old - is Conservatism. (Belief perseverance)
Information - updating based on new - is Representativeness (Sample size neglect/Base rate neglect). (Belief perseverance)
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Another aspect to distinguish between Conservatism (belief pers) and Anchoring and Adjustment (Information processing) - In Anchoring and adjustment - you have new information about a company that its sales are going to be bad in the coming year/patent has not been approved / will be hurt by exports (things that tell you it is going down) - but past earning was 20$/share – you do not adjust that down.

CFA4Techie

Status quo is inertia. Laziness. Investor wont care to even look at the information. This is emotional bias, no information processing, no forecasting, no memorizing, no probability calculation and no cognitive errors.

spreads

sticking..