Features of the value function for voice and their consistency across participants from four countries: Great Britian, Mexico, the Netherlands, and the United States

This study investigated features of the value function for voice using subjects from 4 countries: Great Britain, Mexico, the Netherlands, and the US. Across these 4 groups of subjects the shape of the value function was found to be similar, though differences in the estimated reference points were d...

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Bibliographic Details
Published inOrganizational behavior and human decision processes Vol. 84; no. 1; p. 95
Main Authors Price, Kenneth H, Hall, Thomas W, van den Bos, Kees, Hunton, James E
Format Journal Article
LanguageEnglish
Published New York Elsevier Science Publishing Company, Inc 01.01.2001
Subjects
Correlation analysis
Cross cultural studies
Decision making
Expectations
Hypotheses
Organizational behavior
Netherlands
United Kingdom > UK
United States > US
Mexico
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Summary:This study investigated features of the value function for voice using subjects from 4 countries: Great Britain, Mexico, the Netherlands, and the US. Across these 4 groups of subjects the shape of the value function was found to be similar, though differences in the estimated reference points were detected. Consistent with predictions derived from prospect theory the relationship between the value of voice and the magnitude of voice was found to be direct, monotonic, and nonlinear. Findings suggest that self-reported expectations of voice are higher than the estimated value function reference point.
ISSN:0749-5978
1095-9920