The Self-Serving Bias Is the Tendency to Overestimate Our Value

question 7

True/False

The self-serving bias is the tendency to overestimate our value by attributing successes to ourselves (internal causes) and attributing failures to others or the environment (external causes).

---

Definitions:

Demand Curve

A graph showing the relationship between the price of a good and the quantity of that good that consumers are willing to buy.

Supply Curve

A graph that shows the relationship between the price of a good and the quantity of the good that producers are willing and able to sell, usually upward sloping, demonstrating that the higher the price, the more producers are willing to supply.

Burden

The negative impact or strain experienced by individuals or groups due to economic policies, environmental factors, or other societal conditions.