# Prof. Nathan Pettit on how status affects judgment

1 Faculty News April 16, 2012 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg192x144.jpg?itok=yV529lwz)>

Excerpt from [Bloomberg](http://www.bloomberg.com/news/2012-04-16/falcone-lightsquared.html) -- "'People of status and power have an illusory sense they can control more than they do,' said [Pettit](http://www.stern.nyu.edu/faculty/bio/nathan-pettit). 'That leads to unrealistic optimism, increased risk-taking and decreased inhibitions.'"

[Read more](http://www.bloomberg.com/news/2012-04-16/falcone-lightsquared.html)

Additional coverage appeared in [Bloomberg Businessweek](http://www.businessweek.com/news/2012-04-16/falcone-lightsquared).