Survival Power: An Empirical Analysis of Power in a Life and Death Situation

Torgler, Benno, Savage, David, & Frey, Bruno (2009) Survival Power: An Empirical Analysis of Power in a Life and Death Situation. In Australian Public Choice Conference, 10-11 December 2009, Australia, Victoria, Burwood.

Abstract

This paper seeks to identify what antecedents of power make it more or less likely for people to survive in a life-threatening situation.In particular, we look at the Titanic disaster as the life or death situation. Maritime disasters can be interpreted as quasi-natural experiments because every person is affected by the shock. True human nature becomes apparent in such a dangerous situation. Five antecedents of power are distinguished: physical strength, economic resources, nationality, social and moral factors. This empirical analysis supports the notion that power is a key determinant in extreme situations of life or death.

Impact and interest:

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ID Code: 32386
Item Type: Conference Paper
Refereed: No
Keywords: Power, Decision under pressure, Tragic events, Disasters, Survival
Subjects: Australian and New Zealand Standard Research Classification > ECONOMICS (140000) > APPLIED ECONOMICS (140200) > Applied Economics not elsewhere classified (140299)
Australian and New Zealand Standard Research Classification > ECONOMICS (140000) > APPLIED ECONOMICS (140200)
Divisions: Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Economics & Finance
Deposited On: 22 Jan 2015 00:02
Last Modified: 22 Jan 2015 00:03

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