Several behavioral explanations have been suggested to account for observed violations of the concept of market efficiency. To this end, one attribute many individuals are supposed to possess is the self-attribution bias. Which of the following statements reflects self-attribution bias?

Individuals believe that good outcomes are followed by bad outcomes and bad outcomes followed by good outcomes.

Individuals attribute good outcomes of their decisions to their abilities, while bad outcomes are attributed to bad luck.

Individuals attribute good outcomes of their decisions to good luck, while bad outcomes are attributed to poor levels of skills.

Individuals believe that good outcomes are followed by good outcomes and bad outcomes are followed by bad outcomes.