When investors bragged about their investing expertise during the stock market rally between 1996 and early 2000,then blamed analysts,brokers and the Federal Reserve when the market imploded in 2000,they were guilty of:

Question

Quizplus · Accepted Answer

The investors' behavior of taking credit for their successes during the bullish period and shifting the blame to external factors during the bearish period demonstrates self-serving bias. This bias refers to the tendency of individuals to attribute their successes to internal factors while blaming external factors for their failures. The investors' behavior does not demonstrate fundamental attribution error, consensus, or distinctiveness.

When Investors Bragged About Their Investing Expertise During the Stock