This research focuses on the development and empirical validation of a model of software piracy behavior in Vietnam on the basis of institution isomorphism theory, deterrence theory, and expected utility theory. A survey of 145 respondents and PLS (Partial Least Square) were utilized for analysis. The test of this study reveals that mimetic pressure is the greatest significant factor to influen...

* We thank Fatma Lajeri-Chaherli for helpful comments on a previous version. We also owe thanks to Marco LiCalzi and two anonymous referees for advice and fruitful criticism.

Researchers have shown that many, though not all, of the basic results of expected utility analysis can be more or less directly generalized to non-expected utility preferences. This paper describes the essential difference between results which can be extended in this manner and those which cannot and shows that an important family of comparative statics theorems falls into the former class. J...

This paper contains an analysis of a simple principal-agent problem illustrating possible problems that may arise when the prinicpal ascribes to the agent subjective probabilities and utilities that are implied by the subjective expected utility model but do not represent the agent’s beliefs and valuations. In particular, it is possible that an incentive contract designed by the principal induc...

In the wake of growing awareness, decision makers anticipate that they might become aware of material possibilities and ideas that, in their current state of ignorance, are unimaginable. This anticipation manifests itself in their choice behavior. This paper models this awareness of unawareness and axiomatizes a probabilistic sophisticated representation of beliefs about ignorance and subjectiv...

This paper presents an equivalence result between expected utility theory (EU) and a modified version of case-based decision theory (CBDT). To be precise, it shows that a model constructed in EU can be embedded in a CBDT model, and vice versa. CBDT, proposed and axiomatized by Gilboa and Schmeidler (1995, Case-based decision theory, Quarterly Journal of Economics 110, 605–639), is related to ca...