Investors bragged about their investing expertise during the stock market rally between 1996 and early 2000. Knowing individuals rely on the self-serving bias to explain failure, which of the following explanations would an investor be most likely to state after the market imploded in 2000?

Question

Quizplus · Accepted Answer

Investors are likely to blame external factors or other people, such as analysts, for their failures due to the self-serving bias, which attributes success to oneself and failures to outside influences.

Investors Bragged About Their Investing Expertise During the Stock Market