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Zillow Group, Inc., or simply Zillow, is an American tech real-estate marketplace company that was founded in 2006 [4] by co-executive chairmen Rich Barton [5] and Lloyd Frink, former Microsoft executives and founders of Microsoft spin-off Expedia; Spencer Rascoff, a co-founder of Hotwire.com; David Beitel, Zillow's current chief technology officer; and Kristin Acker, Zillow's current ...
Zillow's iBuying failure says something about Zestimates. They were off. Way off. Zillow was digging a hole for itself, buying high and selling low.
[37] The coding of the newspaper accounts showed that there was a "tendency to make internal attributions for success and external attributions for failure" which supports the self-serving bias as about 75% of the attributions from winning teams were internal while about 55% of attributions from losing teams were internal.
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Successes and failures are closely related to the ways in which people have learned to view themselves and their relationships with others. This theory describes self-concept as learned (i.e., not present at birth); organized (in the way it is applied to the self); and dynamic (i.e., ever-changing, and not fixed at a certain age). [11]
This bias helps to explain why individuals tend to take credit for their own successes while often denying responsibility for failures. For example, a tennis player who wins his match might say, "I won because I'm a good athlete," whereas the loser might say, "I lost because the referee was unfair."
"I think secretaries of state and others really stepped up and voters really leaned in as well and responded beautifully and brilliantly by adapting the ways that they vote," said Minnesota ...
A 1982 study conducted by McClellan and coauthors found that high need for achievement (N-Ach) was linked to success in lower-level management roles, in which promotions were influenced by individual contributions. At higher management levels where promotions were based on demonstrated leadership ability, high N-Ach was not associated with success.