The Self-Serving Bias Refers to Our Tendency to Blame Ourselves

question 126

True/False

The self-serving bias refers to our tendency to blame ourselves for our failures and to downplay our successes by attributing them to external, situational causes.

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Definitions:

Premium

The amount paid for an insurance policy, or an amount paid above the normal cost of something.

Zapata Corp. V. Maldonado

A legal case establishing a framework for evaluating the demand for a derivative lawsuit in corporate law, particularly regarding a corporation's refusal to sue.

Balancing Of Factors

A legal principle that involves weighing different interests or issues against each other to reach a fair decision.

Independent Directors

Board members who do not have a material or financial relationship with the company or its management, except for board service, providing objective judgement.