메뉴 건너뛰기




Volumn 59, Issue 3, 2005, Pages 207-253

Do trade union leaders violate subjective expected utility? Some insights from experimental data

Author keywords

Ambiguity; Ellsberg's paradox; Trade unions

Indexed keywords

AMBIGUITY; ELLSBERG'S PARADOX; TRADE UNIONS;

EID: 27844485074     PISSN: 00405833     EISSN: 15737187     Source Type: Journal    
DOI: 10.1007/s11238-005-8633-3     Document Type: Article
Times cited : (20)

References (59)
  • 1
    • 0013770374 scopus 로고
    • Measuring utility by a single-response sequential mode
    • Becker, G. M., DeGroot, M. H. and Marschack, J. (1964), Measuring utility by a single-response sequential mode, Behavioural Science 9, 226-232.
    • (1964) Behavioural Science , vol.9 , pp. 226-232
    • Becker, G.M.1    DeGroot, M.H.2    Marschack, J.3
  • 2
    • 27844518664 scopus 로고    scopus 로고
    • Are two heads better than one?: An experimental analysis of group vs. individual decision making
    • forthcoming
    • Blinder, A. S. and Morgan, J. (2004), Are two heads better than one?: An experimental analysis of group vs. individual decision making, Journal of Money, Credit and Banking, forthcoming.
    • (2004) Journal of Money, Credit and Banking
    • Blinder, A.S.1    Morgan, J.2
  • 3
    • 22644452140 scopus 로고    scopus 로고
    • Are group more (or less) consistent than individuals?
    • Bone, J., Hey, J. and Suckling, J. (1999), Are group more (or less) consistent than individuals?, Journal of Risk and Uncertainty 16, 63-81.
    • (1999) Journal of Risk and Uncertainty , vol.16 , pp. 63-81
    • Bone, J.1    Hey, J.2    Suckling, J.3
  • 5
    • 84994924358 scopus 로고
    • Decision-processes for low probability events: Policy implications
    • Camerer, C. and Kunreuther, H. (1989), Decision-processes for low probability events: Policy implications, Journal of Policy Analysis and Management 8, 565-592.
    • (1989) Journal of Policy Analysis and Management , vol.8 , pp. 565-592
    • Camerer, C.1    Kunreuther, H.2
  • 6
    • 34249838202 scopus 로고
    • Recent developments in modelling preferences: Uncertainty and ambiguity
    • Camerer, C. and Weber, M. (1992), Recent developments in modelling preferences: Uncertainty and ambiguity, Journal of Risk and Uncertainty 5, 325-370.
    • (1992) Journal of Risk and Uncertainty , vol.5 , pp. 325-370
    • Camerer, C.1    Weber, M.2
  • 7
    • 0033270827 scopus 로고    scopus 로고
    • The effects of financial incentives in experiments: A review and capital-labor-production framework
    • Camerer, C. and Hogarth, R. (1999), The effects of financial incentives in experiments: a review and capital-labor-production framework, Journal of Risk and Uncertainty 19(1-3), 7-42.
    • (1999) Journal of Risk and Uncertainty , vol.19 , Issue.1-3 , pp. 7-42
    • Camerer, C.1    Hogarth, R.2
  • 8
    • 84987299719 scopus 로고
    • Trade union utility functions: A survey of trade union leaders' views
    • Clark, A. and Oswald, A.J. (1993), Trade union utility functions: A survey of trade union leaders' views, British Journal of Industrial Relations 32, 391-411.
    • (1993) British Journal of Industrial Relations , vol.32 , pp. 391-411
    • Clark, A.1    Oswald, A.J.2
  • 9
    • 0001227458 scopus 로고
    • Individual behaviour under risk and under uncertainty: An experimental study
    • Cohen, M, Jaffray, J-Y. and Said, T. (1985), Individual behaviour under risk and under uncertainty: An experimental study, Theory and Decision 18, 203-228.
    • (1985) Theory and Decision , vol.18 , pp. 203-228
    • Cohen, M.1    Jaffray, J.-Y.2    Said, T.3
  • 10
    • 0003012926 scopus 로고
    • Experimental comparison of individual behaviour under risk and under uncertainty for gain and for losses
    • Cohen, M., Jaffray, J-Y. and Said, T. (1987), Experimental comparison of individual behaviour under risk and under uncertainty for gain and for losses, Organizational Behaviour and Human Decision Processes 39, 1-22.
    • (1987) Organizational Behaviour and Human Decision Processes , vol.39 , pp. 1-22
    • Cohen, M.1    Jaffray, J.-Y.2    Said, T.3
  • 11
    • 0030306646 scopus 로고    scopus 로고
    • The preference reversal phenomenon: Response mode and market incentives
    • Cox, J. and Grether, D. (1996), The preference reversal phenomenon: Response mode and market incentives, Economic Theory 7, 481-405.
    • (1996) Economic Theory , vol.7 , pp. 481-1405
    • Cox, J.1    Grether, D.2
  • 12
    • 46549091470 scopus 로고
    • The center and the range of the probability interval as factors affecting ambiguity preferences
    • Curley, S. P. and Yates, J. F. (1985), The center and the range of the probability interval as factors affecting ambiguity preferences, Organizational Behaviour and Human Decision Processes 36, 237-287.
    • (1985) Organizational Behaviour and Human Decision Processes , vol.36 , pp. 237-287
    • Curley, S.P.1    Yates, J.F.2
  • 13
    • 38249024970 scopus 로고
    • An empirical evaluation of descriptive models of ambiguity reactions in choice situations
    • Curley, S. P. and Yates, J. F. (1989), An empirical evaluation of descriptive models of ambiguity reactions in choice situations, Journal of Mathematical Psychology 33, 397-427.
    • (1989) Journal of Mathematical Psychology , vol.33 , pp. 397-427
    • Curley, S.P.1    Yates, J.F.2
  • 14
    • 21344450865 scopus 로고    scopus 로고
    • An experimental investigation of the impact of ambiguity on the valuation of self-insurance and self-protection
    • Di Mauro, C. and Maffioletti, A. (1996), An experimental investigation of the impact of ambiguity on the valuation of self-insurance and self-protection, Journal of Risk and Uncertainty 13, 53-71.
    • (1996) Journal of Risk and Uncertainty , vol.13 , pp. 53-71
    • Di Mauro, C.1    Maffioletti, A.2
  • 15
    • 27844608753 scopus 로고    scopus 로고
    • Reaction to uncertainty and market mechanism: Experimental evidence
    • Universitaet Mannheim
    • Di Mauro, C. and Maffioletti, A. (2001a), Reaction to uncertainty and market mechanism: experimental evidence, WP SFB504 No. 01-41, Universitaet Mannheim.
    • (2001) WP SFB504 No. 01-41 , vol.1 , Issue.41
    • Di Mauro, C.1    Maffioletti, A.2
  • 16
    • 0347142264 scopus 로고    scopus 로고
    • The valuation of insurance under uncertainty: Does information about probabilities matter?
    • Di Mauro, C. and Maffioletti, A. (2001b), The valuation of insurance under uncertainty: Does information about probabilities matter? Geneva Papers on Risk and Insurance Theory 26, 195-224.
    • (2001) Geneva Papers on Risk and Insurance Theory , vol.26 , pp. 195-224
    • Di Mauro, C.1    Maffioletti, A.2
  • 18
    • 1842535105 scopus 로고    scopus 로고
    • Attitudes to risk and attitudes to uncertainty: Experimental evidence
    • Di Mauro, C. and Maffioletti, A. (2004), Attitudes to risk and attitudes to uncertainty: Experimental evidence, Applied Economics 36, 357-372.
    • (2004) Applied Economics , vol.36 , pp. 357-372
    • Di Mauro, C.1    Maffioletti, A.2
  • 19
    • 21744462366 scopus 로고
    • Union attitudes to labour-saving innovation: When are unions luddities?
    • Dowrick, S. and Spencer, B. J. (1994), Union attitudes to labour-saving innovation: When are unions luddities? Journal of Labor Economics 12, 316-344.
    • (1994) Journal of Labor Economics , vol.12 , pp. 316-344
    • Dowrick, S.1    Spencer, B.J.2
  • 20
    • 4243329450 scopus 로고
    • Ambiguity and uncertainty in probabilistic inference
    • Einhorn, H. J. and Hogarth, R. M. (1985), Ambiguity and uncertainty in probabilistic inference, Psychological Review 92, 433-461.
    • (1985) Psychological Review , vol.92 , pp. 433-461
    • Einhorn, H.J.1    Hogarth, R.M.2
  • 21
    • 0005004445 scopus 로고
    • Willingness to pay and willingness to accept for risky and ambiguous lotteries
    • Eisenberger, R. and Weber, M. (1995), Willingness to pay and willingness to accept for risky and ambiguous lotteries, Journal of Risk and Uncertainty 10, 223-233.
    • (1995) Journal of Risk and Uncertainty , vol.10 , pp. 223-233
    • Eisenberger, R.1    Weber, M.2
  • 22
    • 84957363402 scopus 로고
    • Risk, ambiguity and the Savage axioms
    • Ellsberg, D. (1961), Risk, ambiguity and the Savage axioms, Quarterly Journal of Economics 75, 643-669.
    • (1961) Quarterly Journal of Economics , vol.75 , pp. 643-669
    • Ellsberg, D.1
  • 23
    • 0000546723 scopus 로고    scopus 로고
    • The role of market in reducing expected utility violations
    • Evans, D. A. (1997), The role of market in reducing expected utility violations, Journal of Political Economy 105, 622-636.
    • (1997) Journal of Political Economy , vol.105 , pp. 622-636
    • Evans, D.A.1
  • 24
    • 0038309606 scopus 로고    scopus 로고
    • Why labour market experiments
    • Falk, A. and Fehr, E. (2003), Why labour market experiments, Labour Economics 10, 399-406.
    • (2003) Labour Economics , vol.10 , pp. 399-406
    • Falk, A.1    Fehr, E.2
  • 26
    • 21844491157 scopus 로고
    • Ambiguity aversion and comparative ignorance
    • Fox, C. R. and Tversky, A. (1995), Ambiguity aversion and comparative ignorance, Quarterly Journal of Economics 110, 585-603.
    • (1995) Quarterly Journal of Economics , vol.110 , pp. 585-603
    • Fox, C.R.1    Tversky, A.2
  • 30
    • 0033071923 scopus 로고    scopus 로고
    • On the shape of the probability weighting function
    • Gonzales, R. and Wu, G. (1999), On the shape of the probability weighting function, Cognitive Psychology 38, 129-166.
    • (1999) Cognitive Psychology , vol.38 , pp. 129-166
    • Gonzales, R.1    Wu, G.2
  • 31
    • 0038880247 scopus 로고
    • Preference and belief: Ambiguity and competence in choice under uncertainty
    • Heath, C. and Tversky, A. (1991), Preference and belief: ambiguity and competence in choice under uncertainty, Journal of Risk and Uncertainty 4, 5-28.
    • (1991) Journal of Risk and Uncertainty , vol.4 , pp. 5-28
    • Heath, C.1    Tversky, A.2
  • 32
    • 0001185870 scopus 로고
    • Venture theory: A model of decision weights
    • Hogarth, R. M. and Einhorn, H. J. (1990), Venture theory: A model of decision weights, Management Science 36, 780-803.
    • (1990) Management Science , vol.36 , pp. 780-803
    • Hogarth, R.M.1    Einhorn, H.J.2
  • 35
    • 0001822649 scopus 로고
    • Judged knowledge and ambiguity aversion
    • Keppe, H. and Weber, M. (1995), Judged knowledge and ambiguity aversion, Theory and Decision 39, 51-77.
    • (1995) Theory and Decision , vol.39 , pp. 51-77
    • Keppe, H.1    Weber, M.2
  • 36
    • 15444373559 scopus 로고    scopus 로고
    • Bias in judgement: Comparing individuals and groups
    • Kerr, N., Kramer, G. P. and MacCoun, T. J. (1996), Bias in judgement: Comparing individuals and groups, Psychological Review 103, 687-719.
    • (1996) Psychological Review , vol.103 , pp. 687-719
    • Kerr, N.1    Kramer, G.P.2    MacCoun, T.J.3
  • 41
    • 0037332222 scopus 로고    scopus 로고
    • Does market experience eliminates market anomalies
    • List, J. (2003), Does market experience eliminates market anomalies, Quarterly Journal of Economics 118, 41-71.
    • (2003) Quarterly Journal of Economics , vol.118 , pp. 41-71
    • List, J.1
  • 43
    • 27844450885 scopus 로고    scopus 로고
    • Ambiguity and partisan business cycles
    • Maffioletti, A. and Santoni, M. (2003), Ambiguity and partisan business cycles, FinanzArchiv 59, 387-406.
    • (2003) FinanzArchiv , vol.59 , pp. 387-406
    • Maffioletti, A.1    Santoni, M.2
  • 44
    • 27844580072 scopus 로고    scopus 로고
    • Emotion and competence in choice under uncertainty
    • Paper presented (Paris)
    • Maffioletti, A. and Santoni, M. (2004), Emotion and competence in choice under uncertainty, Paper presented at the FUR XI Conference (Paris).
    • (2004) FUR XI Conference
    • Maffioletti, A.1    Santoni, M.2
  • 45
    • 1642501175 scopus 로고    scopus 로고
    • Ambiguity aversion and the absence of wage indexation
    • Mukerji, S. and Tallon, J. M. (2004), Ambiguity aversion and the absence of wage indexation, Journal of Monetary Economics 51, 653-670.
    • (2004) Journal of Monetary Economics , vol.51 , pp. 653-670
    • Mukerji, S.1    Tallon, J.M.2
  • 46
    • 0002287233 scopus 로고    scopus 로고
    • Labour contracts are on the demand curve: Theory and facts
    • Oswald, A. J. (1996), Labour contracts are on the demand curve: Theory and facts, Labour Economics 1, 85-114.
    • (1996) Labour Economics , vol.1 , pp. 85-114
    • Oswald, A.J.1
  • 48
    • 0035349099 scopus 로고    scopus 로고
    • Money, kisses and electronic shocks: On the affective psychology of risk
    • Rottenstreich, Y. and Hsee, C. K. (2001), Money, kisses and electronic shocks: On the affective psychology of risk, Psychological Science 12, 185-190.
    • (2001) Psychological Science , vol.12 , pp. 185-190
    • Rottenstreich, Y.1    Hsee, C.K.2
  • 49
    • 0000209170 scopus 로고
    • Effects of ambiguity in market experiment
    • Sarin, R., and Weber, M. (1993), Effects of ambiguity in market experiment, Management Science 39, 602-615.
    • (1993) Management Science , vol.39 , pp. 602-615
    • Sarin, R.1    Weber, M.2
  • 51
    • 0000498415 scopus 로고
    • The Ellsberg paradox and risk aversion: An anticipated utility approach
    • Segal, U. (1987), The Ellsberg paradox and risk aversion: An anticipated utility approach, International Economic Review 28, 175-202.
    • (1987) International Economic Review , vol.28 , pp. 175-202
    • Segal, U.1
  • 52
    • 0000883742 scopus 로고
    • Parimutuel betting markets: Race-tracks and lotteries
    • Thaler, R. H. and Ziemba, W. T. (1988), Parimutuel betting markets: Race-tracks and lotteries, Journal of Economic Perspectives 2, 161-174.
    • (1988) Journal of Economic Perspectives , vol.2 , pp. 161-174
    • Thaler, R.H.1    Ziemba, W.T.2
  • 53
    • 31744450082 scopus 로고
    • Advances in prospect theory: Cumulative representation of uncertainty
    • Tversky, A. and Kahneman, D. (1992), Advances in prospect theory: Cumulative representation of uncertainty, Journal of Risk and Uncertainty 5, 287-323.
    • (1992) Journal of Risk and Uncertainty , vol.5 , pp. 287-323
    • Tversky, A.1    Kahneman, D.2
  • 54
    • 11944257940 scopus 로고
    • Weighing risk and uncertainty
    • Tversky, A. and Fox, C. R. (1995), Weighing risk and uncertainty, Psychological Review 102, 269-283.
    • (1995) Psychological Review , vol.102 , pp. 269-283
    • Tversky, A.1    Fox, C.R.2
  • 55
    • 0029195485 scopus 로고
    • Risk attitudes and decision weights
    • Tversky, A. and Wakker, P. P. (1995), Risk attitudes and decision weights, Econometrica 63, 1255-1280.
    • (1995) Econometrica , vol.63 , pp. 1255-1280
    • Tversky, A.1    Wakker, P.P.2
  • 56
    • 0003147296 scopus 로고    scopus 로고
    • Hopes and fears: The conflicting effects of risk ambiguity
    • Viscusi, W. K. and Chesson, H. (1999), Hopes and fears: The conflicting effects of risk ambiguity, Theory and Decision 47, 153-178.
    • (1999) Theory and Decision , vol.47 , pp. 153-178
    • Viscusi, W.K.1    Chesson, H.2
  • 57
    • 0001070381 scopus 로고    scopus 로고
    • Eliciting von Neumann-Morgenstern utilities when probabilities are distorted or unknown
    • Wakker, P. P. and Deneffe, D. (1996), Eliciting von Neumann-Morgenstern utilities when probabilities are distorted or unknown, Management Science 42, 1131-1150.
    • (1996) Management Science , vol.42 , pp. 1131-1150
    • Wakker, P.P.1    Deneffe, D.2
  • 59
    • 0017225635 scopus 로고
    • Characterization of ambiguity in decision making
    • Yates, F. and Zukowski, L. (1976), Characterization of ambiguity in decision making, Behavioural Science 21, 19-25.
    • (1976) Behavioural Science , vol.21 , pp. 19-25
    • Yates, F.1    Zukowski, L.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.