A person's tendency to believe they can predict the outcome of random events is known as self-serving bias.

Name: A person's tendency to believe they can predict the outcome of random events is known as self-serving bias.
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Self-serving bias is a cognitive bias in which people tend to attribute their successes to internal factors (such as their own abilities) and their failures to external factors (such as luck or circumstances). It is not related to predicting the outcome of random events.

A Person's Tendency to Believe They Can Predict the Outcome