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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: 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
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
A state that seeks to maintain the status quo the international system, in contrast to a revisionist state. For example, the United States in the contemporary international system. State
Status quo bias should be distinguished from a rational preference for the status quo ante, as when the current state of affairs is objectively superior to the available alternatives, or when imperfect information is a significant problem. A large body of evidence, however, shows that status quo bias frequently affects human decision-making. [63]
The group that became known as Status Quo was formed in 1962 as "The Paladins". The members met while playing together in the school orchestra at Sedgehill Comprehensive School in Catford, London, and consisted of Francis Rossi on guitar and lead vocals, Alan Lancaster on bass, Jess Jaworski on keyboards and Alan Key on drums.
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]
When something creates a problem, the performance or the status quo of the situation drops. Problem-solving deals with finding out what caused the problem and then figuring out ways to fix the problem. The objective is to get the situation to where it should be. For example, a production line has an established run rate of 1000 items per hour.