Katarzyna Sekścińska, Diana Jaworska, Joanna Rudzińska-Wojciechowska
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Personal sense of power predicts financial risk-taking propensity: But only when risk-related decisions are made without cognitive load.
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.
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Promoting the interests of scientific psychology and its researchers, QJEP, the journal of the Experimental Psychology Society, is a leading journal with a long-standing tradition of publishing cutting-edge research. Several articles have become classic papers in the fields of attention, perception, learning, memory, language, and reasoning. The journal publishes original articles on any topic within the field of experimental psychology (including comparative research). These include substantial experimental reports, review papers, rapid communications (reporting novel techniques or ground breaking results), comments (on articles previously published in QJEP or on issues of general interest to experimental psychologists), and book reviews. Experimental results are welcomed from all relevant techniques, including behavioural testing, brain imaging and computational modelling.
QJEP offers a competitive publication time-scale. Accepted Rapid Communications have priority in the publication cycle and usually appear in print within three months. We aim to publish all accepted (but uncorrected) articles online within seven days. Our Latest Articles page offers immediate publication of articles upon reaching their final form.
The journal offers an open access option called Open Select, enabling authors to meet funder requirements to make their article free to read online for all in perpetuity. Authors also benefit from a broad and diverse subscription base that delivers the journal contents to a world-wide readership. Together these features ensure that the journal offers authors the opportunity to raise the visibility of their work to a global audience.
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