The paper shows the chosen elements of stochastic dominance and probabilistic dominance theory, as well as their …. Second part contains the most essential part of the paper. It describes the probabilistic dominance definition and its … modification made by author. Using the property of probabilistic dominance author proposes ß max, which defines the maximum level …

termed status quo bias. We present the probabilistic dominance approach to status quo bias: an alternative is considered … high. Probabilistic dominance is applied and behaviorally characterized in a choice model that allows for a range of status … comparative notion of “revealing more bias towards the status quo” and study its implications to the probabilistic dominance model …