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...results were striking. One hundred percent of the students who had written about being in charge rolled the dice themselves, compared with only 58% of the students who had written about someone else having power over them. Sixty-nine percent of the control group chose to roll. There may be nothing quite as random as a roll of the dice, but the students on a power high appeared to believe they could do it better. (Read "Does Power Corrupt? Absolutely...

Author: /time Magazine | Title: Why Powerful People Overestimate Themselves | 3/10/2009 | See Source »

...Choosing to roll the die represents an illusory sense of control," the researchers write. "[But] the outcomes were uncontrollable...

Author: /time Magazine | Title: Why Powerful People Overestimate Themselves | 3/10/2009 | See Source »

...year. The people who had been designated superiors in the role-playing game consistently believed they would do better at the helm of the agency than the people who had been designated subordinates. In the third study, 79 volunteers again wrote about a time they had either been in control or under another's control, and then completed a questionnaire designed to measure their self-esteem, initiative and perceived ability to influence their world. Across the board, the people who had written about being in charge scored higher. That's good - but not if it goes...

Author: /time Magazine | Title: Why Powerful People Overestimate Themselves | 3/10/2009 | See Source »

...producing an illusion of personal control," the authors write, "power may cause people to lose touch with reality in ways that lead to overconfident decision-making." (Read "Gut Decisions May Not Be Smart...

Author: /time Magazine | Title: Why Powerful People Overestimate Themselves | 3/10/2009 | See Source »

...likely," says Fast, "that some of history's most tragic failures and inspiring successes were orchestrated by power holders who overestimated their abilities to control future outcomes." Here's hoping that the leaders we've got now are guessing right...

Author: /time Magazine | Title: Why Powerful People Overestimate Themselves | 3/10/2009 | See Source »

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