A person's tendency to believe he/she can predict the outcome of random events is known as the self-serving bias.

Question

Quizplus · Accepted Answer

The statement is incorrect. The tendency to believe one can predict the outcome of random events is known as the illusion of control, not the self-serving bias. The self-serving bias refers to the tendency to attribute success to personal factors and failure to external factors.

A Person's Tendency to Believe He/she Can Predict the Outcome