Voice and culture: A prospect theory approach

Publication Type

Journal Article

Publication Date

4-2015

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.

Keywords

organizational justice, prospect theory, decision making

Discipline

Organizational Behavior and Theory

Research Areas

Organisational Behaviour and Human Resources

Publication

Journal of Behavioural Decision Making

Volume

28

Issue

2

First Page

167

Last Page

175

ISSN

0894-3257

Identifier

10.1002/bdm.1834

Publisher

Wiley

Embargo Period

10-1-2018

Additional URL

https://doi.org/10.1002/bdm.1834

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