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Sophomore slump? A CEO complains that the winners of his
Chapter 6, Problem 7E(choose chapter or problem)
Problem 7E
Sophomore slump? A CEO complains that the winners of his “rookie junior executive of the year” award often turn out to have less impressive performance the following year. He wonders whether the award actually encourages them to slack off. Can you offer a better explanation?
Questions & Answers
QUESTION:
Problem 7E
Sophomore slump? A CEO complains that the winners of his “rookie junior executive of the year” award often turn out to have less impressive performance the following year. He wonders whether the award actually encourages them to slack off. Can you offer a better explanation?
ANSWER:
Problem 7E
Sophomore slump? A CEO complains that the winners of his “rookie junior executive of the year” award often turn out to have less impressive performance the following year. He wonders whether the award actually encourages them to slack off. Can you offer a better explanation?
Step by step solution
Step 1 of 2
When people relate essentially the same variable at two different times, they see the phenomenon, the tendency of the response variable to be closer to the mean than the predicted value. Unfortunately, people try to interpret this by thinking that the performance of those far from the mean is deteriorating, but it’s just a mathematical fact about the correlation. So, today we try to be less judgmental about this phenomenon and we call it regression to the mean.