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One of the more convincing theories I have heard is a variation of what SF is talking about. As a matter of efficiency when you put in less work than you're cohort and doe just as well or better the rush of superiority is awesome. But as any psych student will tell you, the search for that kind of superiority masks a fear of inferiority (a complex, if you will) and is really a reflection of a huge fear of failure. The logic being if you procrastinate and succeed you feel superior because you overcame a greater challenge, but if you fail you can always say that you would have done just as well as everyone else if you had put the same time in. By this way of thinking you are never inferior to anyone else but often times superior. Of course, this isn't true and only reflects a kind of neurosis.
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"The courts that first rode the warhorse of virtual representation into battle on the res judicata front invested their steed with near-magical properties." ~27 F.3d 751
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