__________ occurs when decision makers take credit for their successes and blame failures on outside factors.
A) escalation of commitment
B) confirmation bias
C) overconfidence bias
D) sunk costs error
E) self-serving bias

Question

Quizplus · Accepted Answer

Self-serving bias occurs when decision makers take credit for their successes and blame failures on outside factors. This bias is a form of cognitive bias which can often lead to negative outcomes in decision making as it can cloud judgement and lead to irrational decisions.

__________ Occurs When Decision Makers Take Credit for Their Successes