Status Quo Trap

CFA Level III
#1

2007 Exam Q 3 has “Status Quo Trap” as an answer. Is that in the LOS? Prudence as well. I don’t see it in the Schweser material and I lost my CFAI book 1 (it’s probably still in the Delta seat pocket in front of me). I see something called Status Quo Bias, but that refers to DC investors, not forecasting. Thanks for any heads up.

#2

This is part of Econ, R23, P22.

#3

Thanks, found it. Was only looking in the behavioural finance section. I think I’m burnt.