According to the Self-Serving Bias, We Most Likely Tend to Attribute

question 56

Multiple Choice

According to the self-serving bias, we most likely tend to attribute our successes to _____ and our losses to _____.

• A) chance; skill
• B) skill; chance
• C) hoped-for possible selves; feared possible selves
• D) feared possible selves; hoped-for possible selves

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Definitions:

Estimate \(sε\)

A statistical method used to approximate the standard deviation of the sampling distribution of a statistic.

API Gravity

A measure of how heavy or light a petroleum liquid is compared to water, used in the oil industry to classify oils.

Price Per Barrel

The cost for a barrel of commodities such as oil or beer, typically used to measure large quantities.

Least Squares Regression

A statistical method used to determine the best-fitting line through a set of data points by minimizing the sum of the squares of the vertical distances of the points from the line.