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Probably! Also perhaps, Winner's Curse: those who've paid the most in a competitive process are most often those who overestimated the value received. http://
by gojomo 12y ago
Probably!
Also perhaps, Winner's Curse: those who've paid the most in a competitive process are most often those who overestimated the value received.
http://en.wikipedia.org/wiki/Winner%27s_curse http://en.wikipedia.org/wiki/Winner%27s_curse
And Tournament Theory: compensation is often based not on proportionate productivity, but rank order, which may be easier to measure, and serves as probabilistic-motivation for other workers competing for the top spot.
http://en.wikipedia.org/wiki/Tournament_theory http://en.wikipedia.org/wiki/Tournament_theory