Bob's perception he has been successful with his past entrepreneurial opportunities and therefore his luck will continue with his latest venture is known as ________.
A) upside gain
B) feasibility gain
C) illusion of control
D) feasibility control
E) gain control

Question

Quizplus · Accepted Answer

The described scenario reflects the illusion of control, which is the belief that an individual can control or influence outcomes that are actually determined by chance or outside factors. In this case, Bob's belief that his past success will automatically lead to success in his latest venture is an example of the illusion of control bias.

Bob's Perception He Has Been Successful with His Past Entrepreneurial