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Placeholder Lesson:
** This lesson is generated with AI assistance and approved by Danny Nelson. This lesson will communicate the essence of the topic for now until Danny can create a full lesson. **
Self-attribution bias is the habit of attributing successes to one’s own skill and failures to external forces.
This keeps self-esteem high but distorts learning.
In investing, people may credit skill for gains but blame the market for losses.
The bias prevents honest self-assessment and growth.
It reinforces overconfidence and repeated mistakes.