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...The economist Richard Zeckhauser of Harvard defines ordeals as “burdens placed on individuals which yield no benefits to others” and argues that such burdens can sometimes be an effective way of ensuring...
...Highlighted in a 1988 study by the economists William Samuelson and Richard Zeckhauser, the status quo bias is a tendency to reaffirm earlier decisions and cling to the existing path we’re on, rather than...
...The work of Stefan Trautmann and Gijs van de Kuilen, both of Tilburg University, and Richard Zeckhauser, of Harvard University, bolsters the British research....
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