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- 2021-10-10
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- 1970-1-1
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1, Halo effect, the tendency to make specific inferences based on a general impression, undermines most studies of company performance.
2, Example: follow a specific set of steps => to achieve success. The causal relationship could be inversed.
3, The reason why the example in the 2nd paragraph won't lead to success: performance is relative, not absolute. It depends not only on the speed of improvement of the company but also that of its rivals.
Introduce a concept 'Halo Effect', cites un example and explain the flaw and the reason behind it.
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