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Day: July 9, 2017

HR Word of The Day 0

#HR #Word:#Lake #Wobegon #Effect

Lake Wobegon Effect is the overestimation of self-capabilities in comparison with others which in way leads to assume oneself better than others.  The major factor behind the Lake Wobegon Effect is self-serving bias. But practically it is impossible to be above average for all. If almost all the participant expects themselves to be above average then it is unrealistic optimism […]