A(n)________ occurs when decision makers take credit for their successes and blame failures on outside factors.
A)anchoring effect
B)confirmation bias
C)overconfidence bias
D)sunk costs error
E)self-serving bias

Question

Quizplus · Accepted Answer

The described behavior of taking credit for successes and placing blame for failures on outside factors is known as self-serving bias. This bias allows individuals to protect their self-esteem and avoid feelings of guilt or failure.

A(n)________ Occurs When Decision Makers Take Credit for Their Successes