Work

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

Year: 2021

Type: article

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.

Source: International Journal of Environmental Research and Public Health

DOI: 10.3390/ijerph182312834

Authors: Katarzyna Sekścińska, Joanna Rudzinska-Wojciechowska

Institutions: University of Warsaw, Kozminski University

Language: English

Topic: Decision-Making and Behavioral Economics

Subfield: General Decision Sciences

Field: Decision Sciences

Domain: Social Sciences

Open Access status: gold

Estimated APC paid: $2,484

Funder: Narodowym Centrum Nauki