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Power and Reduced Temporal Discounting
2
Power & Reduced Temporal Discounting
The Question:
Whether power increases one's tendency to sacrifice present rewards in order to gain even larger future rewards?
Power
The First Possibility
Power
- risk taking
- action orientation
- Disinhibition and Poor decision making
There seems to be a relationship between POWER and Temporal Discounting
*Power activates high-level of construal orientation:
- Expands Temporal horizons
- Perception of the distant future
- Induces a sense of connection
Suggestion
- Future self
- Reducing Discounting
2 Possible Answer?
* - (Proven through recent research and power literature)
Joshi and Fast suggested:
- Power delay instant reward
Longer Future rewards
The Second Possibility
Power engenders or generates new mindsets:
- Control
- Optimisim
Reduces
- *Subejctive uncertainty and hypotheticality
Connection with One's future self
* uncertainty one of the causes for discounting
Researching and Experimentation
4 Studies were conducted:
- Their Hypothesis:
a) Experiencing power is associated with discounting
b) Connection with self mediates the tendency
LET'S GET TO THE STUDIES!