2026-10-15T11:52:00Z https://data.mendeley.com/oai

oai:data.mendeley.com/p88k6vjz32.1 2017-07-27T21:21:02Z

Fulfer, Johnny Power, Expected Value, and Excessive Risk-Taking Mendeley Data To investigate the influence of the sense of power on decision making under risk, we conducted an experiment with sixty participants and found evidence which suggests that a heightened sense of power results in excessive risk-taking. We primed the experimental group with a high-power mindset and the control group with a neutral mindset and asked participants to answer a series of hypothetical questions on expected value. The results of a chi-square test suggest that participants who were primed with a heightened sense of power tend to focus on high but unlikely rewards. We propose that there is a link between a heightened sense of power and suboptimal economic decision making, and model this in the prospect theory framework. Risk Taking Behavioral Economics Power (Leadership and Power) Prospect Theory Chi-Square Testing Human Experimental Psychology Maille, Peter Dataset doi:10.17632/p88k6vjz32.1 oai:data.mendeley.com/p88k6vjz32.1 Creative Commons Attribution 4.0 International http://creativecommons.org/licenses/by/4.0 https://data.mendeley.com/datasets/p88k6vjz32 2017-07-27T21:21:02Z