68 Citations
Promoting the best as an incentive : reply to Pluchino et al. on the Peter Principle
- Education
- 2015
The Peter Principle states that employees tend to be promoted until they reach their level of incompetence. In a sophisticated simulation study, Pluchino et al (2010) confirmed a version of the…
New development: A new principle—the higher the position, the broader the view
- BusinessPublic Money & Management
- 2019
ABSTRACT The Peter Principle, introduced over 50 years ago, refers to an organizational phenomenon where employees in a hierarchy are promoted to positions for which they are not well qualified…
Japanese Work Ethic and Culture: A New Paradigm of Intrinsic Motivation
- Economics
- 2015
IntroductionAccording to Takahashi (2004), the essence of the Japanese-style personnel system is that (i) it is not a system that rewards work with pay, but instead rewards work with new work. The…
Talent versus luck: the Role of Randomness in Success and Failure
- EconomicsAdv. Complex Syst.
- 2018
A simple agent-based model shows that, if it is true that some degree of talent is necessary to be successful in life, almost never the most talented people reach the highest peaks of success, being overtaken by averagely talented but sensibly luckier individuals.
How altruism can pay in a collective game
- Economics
- 2014
Dipartimento di Fisica e Astronomia - Universita di Catania, and INFN sezionedi Catania, Via S. So a 64, I-95123, Catania, ItalyAbstractWe consider a collective version of Parrondo’s paradox, a game…
Talent vs Luck : the role of randomness in success and failure
- Economics
- 2018
The largely dominant meritocratic paradigm of highly competitive Western cultures is rooted on the belief that success is due mainly, if not exclusively, to personal qualities such as talent,…
Why lot: How sortition came to help representative democracy
- Political Science
- 2017
In this paper we discuss the problems of modern representative democracy and we look at the selection of legislators by lot as a way to tame some of the drawbacks of that system. It is recalled at…
References
SHOWING 1-10 OF 36 REFERENCES
Dynamics of the Peter Principle
- Engineering
- 1970
In this paper, a realistic Markovian model of hierarchies is considered which reveals that under suitable conditions The Peter Principle applies. That is, above a certain critical hierarchical level,…
The Peter Principle: A Theory of Decline
- EconomicsJournal of Political Economy
- 2004
Some have observed that individuals perform worse after being promoted. The Peter principle, which states that people are promoted to their level of incompetence, suggests that something is…
The Peter Principle: An Experiment
- Economics
- 2007
The Peter Principle states that, after a promotion, the observed output of promoted employees tends to fall. Lazear (2004) models this principle as resulting from a regression to the mean of the…
Generative Social Science: Studies in Agent-Based Computational Modeling (Princeton Studies in Complexity)
- Economics
- 2007
Generative Social Science is generally an update to the 1996 book Growing Artificial Societies by Epstein and Robert Axtell, although this new book is a compilation of works with all but three chapters (Introduction, Chapters 2 and 13) published separately elsewhere in books or journals.
Complex adaptive systems - an introduction to computational models of social life
- PhysicsPrinceton studies in complexity
- 2007
This book is not a textbook, but rather an essay on complex adaptive systems, and the best method to discover their properties is to dispatch many computer agents to experience the system’s possibilities.
Parkinson's Law quantified: three investigations on bureaucratic inefficiency
- Economics
- 2008
We formulate three famous, descriptive essays of Parkinson on bureaucratic inefficiency in a quantifiable and dynamical socio-physical framework. In the first model we show how the use of recent…
Game theory for applied economists
- Economics
- 1992
This book introduces one of the most powerful tools of modern economics to a wide audience: those who will later construct or consume game-theoretic models. Robert Gibbons addresses scholars in…
Dilbert-Peter Model of Organization Effectiveness: Computer Simulations
- BusinessJ. Artif. Soc. Soc. Simul.
- 2010
It is shown that improving organization resiliency to self-promotion and continuity of individual productiveness after a promotion can greatly improve the overall organization effectiveness.
Growing Artificial Societies: Social Science from the Bottom Up
- Economics
- 1996
How do social structures and group behaviors arise from the interaction of individuals? Growing Artificial Societies approaches this question with cutting-edge computer simulation techniques.…
Frontiers of finance: evolution and efficient markets.
- EconomicsProceedings of the National Academy of Sciences of the United States of America
- 1999
The Efficient Markets Hypothesis is described and how this controversial idea has stimulated a number of new directions of research, some focusing on more elaborate mathematical models that are capable of rationalizing the empirical facts, others taking a completely different tack in rejecting rationality altogether.