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Nietzsche, Keillor, and the Religious Heritage of Lake Wobegon
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Fatal Attraction: Focality, Naivete, and Sophistication in Experimental Hide-and-Seek Games [PDF]
Nagore Iriberri, Vincent P. Crawford
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Fatal Attraction: Salience, Naivete, and Sophistication in Experimental Hide-and-Seek Games [PDF]
Nagore Iriberri, Vincent P. Crawford
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The College Mathematics Journal, 2012
We introduce Lake Wobegon dice, where each die is “better than the set average.” Specifically, these dice have the paradoxical property that on every roll, each die is more likely to roll greater t...
Jorge Moraleda, David G. Stork
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We introduce Lake Wobegon dice, where each die is “better than the set average.” Specifically, these dice have the paradoxical property that on every roll, each die is more likely to roll greater t...
Jorge Moraleda, David G. Stork
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CEO Pay and the Lake Wobegon Effect
SSRN Electronic Journal, 2008The "Lake Wobegon Effect," which is widely cited as a potential cause for rising CEO pay, is said to occur because no firm wants to admit to having a CEO who is below average, and so no firm allows its CEO's pay package to lag market expectations. We develop a game-theoretic model of this Effect.
Rachel M. Hayes, Scott Schaefer
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Educational Measurement: Issues and Practice, 1990
What is the Lake Wobegon Effect? How can we explain this phenomenon? Is the Lake Wobegon Effect an artifact of the methodology used in the 1987 study?
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What is the Lake Wobegon Effect? How can we explain this phenomenon? Is the Lake Wobegon Effect an artifact of the methodology used in the 1987 study?
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Benchmark to escape from Lake Wobegon
Benchmarking: An International Journal, 2011PurposeThis paper aims to investigate whether an employee reports an accurate view of the relative performance level of the organisation for which they work.Design/methodology/approachUtilizes a survey of 2,517 senior managers, managers and team leaders from 120 different organisations in nine different countries.FindingsThere is significant and ...
Alan Betts, Simon Croom, Dawei Lu
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