The "daily Call" From Option Alpha: Options Trading | Stock Options | Stock Trading | Trading Online

Hey everyone. This is Kirk here again from Option Alpha and welcome back to the daily call. Today, we’re going to talk about self-attribution bias. This is probably one of my most favorite biases that I see people have and I think that it’s a hard one initially for people to struggle to get over because we live in a society where everyone is posting on Instagram and posting on Facebook and your best foot is always facing forward and you have the decision to choose that. And you’ve heard the saying before, “Never confuse brains for a bull market.” or potentially, you’ve heard that saying of words. It’s a very common Wall Street saying, but it has a deep rooting and meaning in this self-attribution bias which is this idea that we have this processing capability and this cognitive information filtering where we have a tendency to credit our success to some talent or skill that we have, but then on the flipside, we blame all of our failures or any potential failure and situation, thing that really happens bad to