Voice and Culture: A Prospect Theory Approach
Year: 2014
Type: article
Abstract: ABSTRACT The present study examines the congruence of individuals' minimum preferred amounts of voice with the prospect theory value function across nine countries. Accounting for previously ignored minimum preferred amounts of voice and actual voice amounts integral to testing the steepness of gain and loss functions explicated in prospect theory, we use curve fitting to show that ratings of procedural justice fit prospect theory's value function specifically. Further, we investigate the form of this function across nine countries that range in power distance. Results suggest that the form of the value function is congruent with prospect theory, showing an S‐shaped curve that is steeper in the loss than in the gain domain. Further, this pattern is similar across countries. Theoretical and practical implications of these results for both decision making and organizational justice are discussed. Copyright © 2014 John Wiley & Sons, Ltd.
DOI: 10.1002/bdm.1834
Institutions: Singapore Management University, Korea Military Academy, University of Colorado Boulder, University of Gothenburg, Université Toulouse-I-Capitole, Toulouse School of Management Research, Université de Toulouse, Federal Government of Belgium, Pontificia Universidad Católica de Chile, Universitat de València, ETH Zurich, Utrecht University
Language: English
Subfield: General Decision Sciences
Field: Decision Sciences
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2169796013