You have a tendency to take credit for the decisions you make that have good outcomes even when those outcomes are out of your control. On the other hand, you blame bad luck for your decisions that turn out badly. Which of these terms applies to you?
A) Myopic loss aversion
B) House money effect
C) Money illusion
D) Self-attribution bias
E) Endowment effect

Question

Quizplus · Accepted Answer

This behavior is characteristic of the self-attribution bias, in which individuals tend to attribute positive outcomes to their own abilities and negative outcomes to external factors beyond their control, such as luck or other people's actions.

You Have a Tendency to Take Credit for the Decisions