Do Workers Enjoy Procedural Utility?
نویسندگان
چکیده
منابع مشابه
Do Workers Enjoy Procedural Utility ?
People are likely to obtain utility not only from actual outcomes, but also from the conditions which lead to these outcomes. This paper empirically tests the notion of procedural utility for the context of work relationships. Using a large survey among British workers, we find substantial procedural effects on the utility workers derive from their pay. Utility from pay is not only strongly inf...
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This paper aims at showing the relevance of procedural utility for economics: people do not only care about outcomes, as usually assumed in economics, they also value the processes and conditions leading to outcomes. The psychological foundations of procedural utility are outlined and it is discussed how the concept differs from other related approaches in economics, like outcome utility, outco...
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I adapt Raiffa's discrete bargaining solution in order to take the possibility of partial cooperation into account when there are more than two players. The approach is non-cooperative. I slightly modify the bargaining procedure proposed by Sjöström for supporting the Raiffa solution, exactly as Hart and MasColell introduced the possibility of partial cooperation in (a slight variation of) the ...
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This article introduces a model of rationality that combines procedural utility over actions with consequential utility over payo¤s. It applies the model to the Prisoners’ Dilemma and shows that empirically observed cooperative behaviors can be rationally explained by a procedural utility for cooperation. The model characterizes the situations in which cooperation emerges as a Nash equilibrium....
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2002
ISSN: 1556-5068
DOI: 10.2139/ssrn.336581