Why do narcissists take more risks? Testing the roles of perceived risks and benefits of risky behaviors

Foster, Joshua D.; Shenesey, Jessica W.; Goff, Joshua

doi:10.1016/j.paid.2009.07.008

Cited by 149 publications

(99 citation statements)

References 24 publications

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“…The average risk propensity score is 3.3. These scores are comparable to those found in several other studies that use a similar scale (Blais and Weber, 2006;Foster et al, 2009;Mishra et al, 2010;Willebrands et al, 2012). …”

Section: Figure 1 Four Types Of Risk Attitudessupporting

confidence: 89%

Entrepreneurship, risk perception and firm performance

Boermans

Willebrands

2017

IJESB

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Risk attitudes of entrepreneurs are well-established drivers of business performance. Most empirical studies in this field only take into account risk propensity, leaving out the complementary concept of risk perception. Using data on 611 entrepreneurs from Tanzania, we show that risk perception is positively associated with business performance. In addition, we classify the entrepreneurs in four different groups based on their risk profile. The results show that the worst performing entrepreneurs are those with low risk perception and high risk propensity.

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Section: Figure 1 Four Types Of Risk Attitudessupporting

confidence: 89%

Entrepreneurship, risk perception and firm performance

Boermans

Willebrands

2017

IJESB

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“…As Campbell, Goodie, andFoster (2004) put it, NPI narcissists "swing for the fences" in their quest for self-enhancement. They seem to recognize the costs of failure when they take risks, but still choose to bet on their ability to succeed (Foster, Shenesey, & Goff, 2009). NPI narcissists' aggressive style of self-enhancement bears little resemblance to the self-protective caution typically displayed by people who lack self-esteem or confidence (see Baumeister, Tice, & Hutton, 1989;Tice & Baumeister, 1990 for evidence that self-enhancement is not inherently self-protective).…”

Section: Competing Explanations For Narcissistic Self-enhancementmentioning

confidence: 99%

Narcissistic Self‐Enhancement

Wallace

2011

The Handbook of Narcissism and Narcissistic Personality Disorder

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“…Twenge empirically shows that there is a rise of individualistic and narcissist traits within the digital natives. Narcissism is, for instance, strongly linked to overconfidence and unrealistic risk taking (Foster et al 2009;Twenge et al 2008). Furthermore, narcissism is commonly related to benefits to the individual that are primarily affective and mostly short term orientated, whereas the cost of narcissism is usually borne by others (Campbell and Buffardi 2008).…”

Section: Discussionmentioning

confidence: 99%

Determinants of Intention to Participate in Corporate BYOD-Programs – The Case of Digital Natives –

Weeger

Wang

Gewald

et al. 2015

AMPROC

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Corporations continue to see a growing demand for Bring-Your-Own-Device (BYOD) programs which allow employees to use their own computing devices for business purposes. This study analyses the demand of digital natives for such programs when entering the workforce and how they perceive the benefits and risk associated with BYOD. A theoretical model building on net valence considerations, technology adoption theories and perceived risk theory is proposed and tested. International students from five countries in their final year and with relevant work experience were surveyed. The results show that the intention to enroll in a BYOD program is primarily a function of perceived benefits while risks are widely ignored. Only safety and performance risks proved to contribute significantly to the overall perceived risk. The knowledge acquired from this study is particularly beneficial to IT executives as a guide to deciding whether and how to set up or adjust corporate BYOD initiatives.

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Why do narcissists take more risks? Testing the roles of perceived risks and benefits of risky behaviors

Cited by 149 publications

References 24 publications

Entrepreneurship, risk perception and firm performance

Entrepreneurship, risk perception and firm performance

Narcissistic Self‐Enhancement

Determinants of Intention to Participate in Corporate BYOD-Programs – The Case of Digital Natives –

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