The world is full of fools, except for me, of course

I watch people laughing at situations and I'm noticing that it is often perceived by observers as laughing at them for getting into that situation. And the result of this is predictable.

I worry that in many, if not most, cases that this perception is accurate. I suspect that this is what the person laughing believes: The world is full of fools, except for me, of course.

But perhaps I'm succumbing to fundamental attribution error.