Action Bias

We prefer doing something to doing nothing.

#preference

Bar-Eli, M., Azar, O.H., Ritov, I., Keidar-Levin, Y., and Schein, G. (2007). “Action bias among elite soccer goalkeepers: The case of penalty kicks.” Journal of Economic Psychology. 28(5), 606-621. DOI: 10.1016/j.joep.2006.12.001

Patt, A, and Zeckhauser, R. (2000). “Action Bias and Environmental Decisions”. Journal of Risk and Uncertainty. 21(1), 45-72.

Zeelenberg, M., van den Bos, K., van Dijk, E., and Pieters, R. (2002). “The Inaction Effect in the Psychology of Regret”. Journal of Personality and Social Psychology. 82(3), 314-327. DOI: 10.1037//0022-3514.82.3.314

Odean, T. (1998). Volume, Volatility, Price, and Profit When Traders Are Above Average. The Journal of Finance. 53(6), 1887-1934. DOI: 10.1111/0022-1082.0007

Kiderman A, Ilan U, Gur I, Bdolah-Abram T, Brezis M. (2013). “Unexplained complaints in primary care: evidence of action bias”. Journal of Family Practice. 62(8), 408-413.

Hao, K. (2019). Training a single AI model can emit as much carbon as five cars in their lifetimes. MIT Technology Review. Retrieved from: https://www.technologyreview.com/2019/06/06/239031/training-a-single-ai-model-can-emit-as-much-

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