Question

Consider the status quo bias model in slides lecture 4. Suppose each job x = (x1, x2) is described

a) As a vector in a multidimensional space
b) By a combination of qualitative and quantitative factors
c) With reference to historical job data
d) With a focus on skill-specific attributes

Answer 1

The status quo bias model in business involves describing job descriptions using factors such as being a vector in a multidimensional space, a combination of qualitative and quantitative factors, reference to historical job data, and a focus on skill-specific attributes.

Step-by-step explanation:

The subject of your question is Business. The status quo bias model you mentioned in slides lecture 4 is regarding job descriptions and how they can be described using several factors. These factors include being a vector in a multidimensional space, a combination of qualitative and quantitative factors, reference to historical job data, and a focus on skill-specific attributes.