By Evaluating Your Credit Options, You Can

question 102

Multiple Choice

By evaluating your credit options, you can

• A)reduce your finance charges.
• B)reconsider your decision to borrow money.
• C)discover a less expensive type of loan.
• D)find a lender that charges a lower rate.
• E)reduce your finance charges, reconsider your decision to borrow money, discover a less expensive type of loan, and find a lender that charges a lower rate.

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Definitions:

Self-serving Bias

The common tendency to attribute our successes to internal factors while attributing failures to external ones.

Attribution Style

A concept in psychology that refers to how individuals explain the causes of behavior and events, often categorized into internal (dispositional) or external (situational) attributions.

Fundamental Attribution Error

A cognitive bias that involves overestimating the effect of personality and underestimating the influence of situational factors when explaining others' actions.

Weiner

Refers to Bernard Weiner, a psychologist known for his work on attribution theory, which deals with how people interpret and attribute causes to events and behaviors.