Related Experiment Video
Updated: Jun 15, 2025

The Joint Effect of Social Comparison and Social Distance on Evaluation of Intertemporal Choice Outcomes in Event-related Potential Studies
Published on: August 25, 2023
Personal sense of power predicts financial risk-taking propensity: But only when risk-related decisions are made
Katarzyna Sekścińska1, Diana Jaworska1, Joanna Rudzińska-Wojciechowska2
1Faculty of Psychology, University of Warsaw, Warszawa, Poland.
Abstract:
A significant relationship between a sense of power and financial risk-taking has been established in the literature. However, the boundary conditions for this relationship remain unclear. This article presents the results of an online experimental study (N = 192) that explores the moderating role of cognitive load in the relationship between power and financial risk-taking in the domains of gambling and investing. The findings validate a positive association between a sense of power and financial risk-taking, alongside a negative impact of cognitive load on financial risk. Notably, cognitive load moderates the relationship between power and financial risk-taking in a way that the link is positive when individuals have full access to their cognitive resources, but it becomes nonsignificant when they are under cognitive load.
Related Concept Videos
Self-Presentation: Self-Monitoring and Self-Handicapping
Self-Discrepancy Theory
Social Cognitive Perspective on Personality
Reason and Intuition
Lazarus's Cognitive Appraisal Theory
Primary Appraisal:...
Fundamental Attribution Error

