Articlegold2021

How Power Influences Decision-Makers’ Investment Behavior in the Domains of Loss and Gain

Katarzyna Sekścińska · Joanna Rudzińska‐Wojciechowska

7 citations0/0 files storedInternational Journal of Environmental Research and Public Health

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Decision-Making and Behavioral Economics Experimental Behavioral Economics Studies Social Power and Status Dynamics

Abstract

= 645) investigating how power alters people's propensity to take investment risks in a changing decision context of gains and losses and the intensity of their reactions to this experience. The results indicate that people in a state of power made more risky investment decisions than the control group regardless of prior gain or loss outcome, whereas people lacking power took less investment risk than the control group, regardless of previous outcomes. Moreover, people with power and those lacking power differed in their reactions to gains and losses, with the former reacting more to gains and the latter to losses.

Citations in this library

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References

1962Power-Dependence Relations 2003Power, approach, and inhibition.20088 Social Hierarchy: The Self‐Reinforcing Nature of Power and Status 1990Gambling with the House Money and Trying to Break Even: The Effects of Prior Outcomes on Risky Choice 2003From Power to Action.1944Theory of Games and Economic Behaviour.2006Power, optimism, and risk‐taking 2006Social dominance theory and the dynamics of intergroup relations: Taking stock and looking forward

Cited by

2023The effect of state and trait power on financial risk taking: The mediating and moderating roles of focus on rewards versus threats 2024From power to financial risk: The mediating role of cognitive flexibility and risk perception

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