Lionel Page | The matthew effect
How success fosters further success | Note: Thursday instead of Tuesday seminar
15/08/2019 - 12:00 - 13:00
Room 464, UNSW Business School, UNSW
Description
- August 15, 2019
- Speaker: Lionel Page
- Topic: The Matthew Effect: How Success Fosters Further Success
Abstract
This talk discusses violations of the informativeness principle whereby lucky successes are overly rewarded. I find evidence that luck is overly influencing managers’ decisions and evaluators’ ratings. I further discuss quasi-experimental evidence that people who get lucky early on are given more opportunities/resources, and that this breeds future success. Our results suggest that this luck-based version of the “Matthew Effect” is likely to be widespread in economic organisations.
About the speaker
Lionel Page is Professor of Economics at UTS. Professor Page frequently publishes about various aspects of individual and group behaviour, including: choice under risk and uncertainty, behaviour in contests, political choices, social preferences, and educational choices. He serves as an editor for Theory and Decision, and for Behavioural Public Policy.