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Differentiate between discretionary fiscal policy and non-discretionary policy (or built-in stabilization).
Self-serving Bias
A common tendency for individuals to attribute their successes to internal factors while blaming external factors for their failures.
Fundamental Attribution Error
The tendency to overemphasize personal characteristics and ignore situational factors when judging others' behavior.
Dispositional Factors
Aspects of an individual's personality that influence their behavior and attitudes in various situations.
Self-serving Bias
A cognitive bias where individuals attribute success to internal factors like their abilities or effort, while attributing failures to external factors beyond their control.
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