Differences in subjective risk thresholds: Worker groups as an example

Management Science

Volumn 44, Issue 6, 1998, Pages 801-811

  Gaba, Anil ^a   Viscusi, W Kip ^a  

^a NONE

Author keywords

Dichotomous Variables; Risk Perceptions; Risk Premiums; Risk Thresholds

Indexed keywords

ENGINEERING EDUCATION; ENGINEERING RESEARCH; ESTIMATION; OCCUPATIONAL RISKS; PROBABILITY; RISK ASSESSMENT;

DICHOTOMOUS VARIABLES; RISK PREMIUMS; SUBJECTIVE RISK THRESHOLDS; WAGE RISK TRADEOFFS; WORKER GROUPS;

RISK PERCEPTION;

EID: 0032091441     PISSN: 00251909     EISSN: None     Source Type: Journal    
DOI: 10.1287/mnsc.44.6.801     Document Type: Article

References (27)

1. Buchanan, B., M. Givon, and A. Goldman, "Measurement of Discrimination Ability in Taste Tests: An Empirical Investigation," J. Marketing Res., 24 (1987), 154-163.
2. Fischhoff, B., S. Lichtenstein, P. Slovic, S. L. Derby, and R. L. Keeney, Acceptable Risk, Cambridge University Press, Cambridge, U.K., 1981.
3. _, S. Watson, and C. Hope, "Defining Risk," Policy Sci., 17 (1984), 123-139.
4. Gaba, A. and R. L. Winkler, "Implications of Errors in Survey Data: A Bayesian Model," Management Sci., 7 (1992), 913-925.
5. Givon, M. M. and Z. Shapira, "Response to Rating Scales: A Theoretical Model and its Application to the Number of Categories Problem," J. Marketing Res., 21 (1984), 410-419.
6. Greene, W. H., Econometric Analysis, Second Ed., Macmillan, NY, 1990.
7. Hogarth, R. M. (ed.), Insights in Decision Making: A Tribute to Hillel J. Einhorn, University of Chicago Press, Chicago, IL, 1990.
8. Kahneman, D., P. Slovic, and A. Tversky (Eds.), Judgement Under Uncertainty: Heuristics and Biases, Cambridge University Press, Cambridge, U.K., 1982.
9. Kunreuther, H., "Limited Knowledge and Insurance Protection," Public Policy, 24, 2 (1976), 227-261.
10. _, H. Ginsberg, L. Miller, P. Sagi, P. Slovic, B. Borkan, and N. Katz, Disaster Insurance Protection: Public Policy Lessons, Wiley, NY, 1978.
11. Lichtenstein, S., B. Fischhoff, and L. D. Phillips, "Calibration of Probabilities: The State of the Art to 1980," in D. Kahneman, P. Slovic, and A. Tversky (Eds.), Judgment Under Uncertainty: Heuristics and Biases, Cambridge University Press, Cambridge, U.K., 1982, 306-334.
12. _, P. Slovic, B. Fischhoff, M. Layman, and B. Combs, "Judged Frequency of Lethal Events," J. Experimental Psychology: Human Learning and Memory, 4 (1978), 551-578.
13. Lindley, D. V. and L. D. Phillips, "Inference for a Bernoulli Process (A Bayesian View)," American Statistician, 30 (1976), 112-119.
14. Machina, M. J., "Decision Making in the Presence of Risk," Science, 23b (1987), 537-543.
15. MacCrimmon, K. R. and D. A. Wehrung, "Characteristics of Risk Taking Executives," Management Sci., 36 (1990), 422-435.
16. Morrison, D. G., "Purchase Intentions and Purchase Behavior," J. Marketing, 43 (1979), 65-74.
17. _ and G. Brockway, "A Modified Beta Binomial Model with Applications to Multiple Choice and Taste Tests," Psychometrika, 44 (1979), 427-442.
18. Murphy, A. H., "The Value of Climatological, Categorical and Probabilistic Forecasts in the Cost-Loss Ratio Situation," Monthly Weather Rev., 105 (1977), 803-816.
19. Pearson, K., Tables of the Incomplete Beta Function, Cambridge University Press, Cambridge, U.K., 1934, 1968.
20. Slovic, P., and S. Lichtenstein, "The Relative Importance of Probabilities and Payoffs in Risk Taking," J. Experimental Psychology Monograph Suppl., 78, Part 2 (1968), 1-18.
21. Spetzler, C. A. and C.-A. S. Staël von Holstein, "Probability Encoding in Decision Analysis," Management Sci., 22 (1975), 340-358.
22. U.S. Bureau of Alcohol, Tobacco, and Firearms, Final Report of the Research Study of Public Opinion Concerning Warning Labels on Containers of Alcoholic Beverages, Vol. 1, Table 2, U.S. Govt. Printing Office, Washington, DC, December 1988.
23. U.S. Department of Health and Human Services, Reducing the Health Consequences of Smoking: 25 Years of Progress, A Report to the Surgeon General, U.S. Government Printing Office, Washington, DC, 1989.
24. Viscusi, W. K., Employment Hazards: An Investigation of Market Performance, Harvard University Press, Cambridge, MA, 1987.
25. _ and W. Evans, "Utility Functions That Depend on Health Status: Estimates and Economic Implications," American Econ. Rev., 80, 3 (1990), 353-374.
26. _ and C. O'Connor, "Adaptive Responses to Chemical Labeling: Are Workers Bayesian Decision Makers?," American Econ. Rev., 74 (1984), 942-956.
27. _ and W. A. Magat, Learning about Risk, Harvard University Press, Cambridge, MA, 1987.