Setting High Performance Expectations Can Lead to Failure

Idea posted: December 2020

Institutions: UCLA Anderson School of Management    University of Chicago Booth School of Business    The Wharton School of the University of Pennsylvania   

Authors:

Past research has demonstrated that high external performance expectations (e.g., from supervisors, co-workers, clients, family, friends, and the media) can motivate individuals to increase their efforts and be more persistent,…

  READ MORE   PIN TO MY IDEAS Idea #782

Algorithms and Statistical Models Vs Human Judgement

Idea posted: July 2017

Institutions: University of Chicago Booth School of Business    The Wharton School of the University of Pennsylvania   

Authors:

Decades of research have shown that algorithms (defined here as any evidence-based forecasting formula, including statistical models) are more accurate than forecasts made by humans. However, research has also shown…

  READ MORE   PIN TO MY IDEAS Idea #664