Bob's perception that he has been successful with his past entrepreneurial opportunities and therefore his luck will continue with his latest venture is known as ________.
A)upside gain
B)feasibility gain
C)illusion of control
D)feasibility control
E)gain control

Question

Quizplus · Accepted Answer

Bob's belief that his past success will continue into his latest venture, despite not having direct control over the outcome, is an example of the "illusion of control." This cognitive bias leads individuals to overestimate their ability to control events.

Bob's Perception That He Has Been Successful with His Past