The detrimental effects of power on confidence, advice taking, and accuracy. (2011)
“Power can exacerbate the tendency for people to overweight their own initial judgment, such that the most powerful decision makers can also be the least accurate.
See, K.E., Morrison, E.W., Stern School of Business, New York University, New York, NY 10012, United States,
Rothman, N.B., College of Business and Economics, Lehigh University, Bethlehem, PA,
Soll, J.B., Fuqua School of Business, Duke University, Durham, NC 27708, United States
Organizational Behavior and Human Decision Processes (2011), doi:10.1016/j.obhdp.2011.07.006
Incorporating input from others can enhance decision quality, yet often people do not effectively utilize advice. The authors propose that greater power increases the propensity to discount advice, and that a key mechanism explaining this effect is elevated confidence in one’s judgment.
They investigate the relationships across four studies: a field survey where working professionals rated their own power and confidence and were rated by coworkers on their level of advice taking; an advice taking task where power and confidence were self-reported; and two advice taking experiments where power was manipulated.
Results consistently showed a negative relationship between power and advice taking, and evidence of mediation through confidence.
The fourth study also revealed that higher power participants were less accurate in their final judgments. Power can thus exacerbate the tendency for people to overweight their own initial judgment, such that the most powerful decision makers can also be the least accurate.
Read the article here: The detrimental effects of power on confidence, advice taking, and accuracy
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