The tendency of investors to blame others for their failures and take personal credit for their successes is referred to as
A) loss aversion.
B) representativeness.
C) narrow framing.
D) biased self-attribution.

Question

Quizplus · Accepted Answer

Biased self-attribution refers to the tendency of investors or individuals to attribute their successes to their own actions or abilities while blaming external factors for their failures. This bias can lead to overconfidence in one's decision-making abilities, which can have negative consequences in the investment world.

The Tendency of Investors to Blame Others for Their Failures