Modeling employees' deviant behavior and employers' reactions: an interdisciplinary approach using principal-agent and prospect theories

Tziner, Aharon and Fein, Erich (2012) Modeling employees' deviant behavior and employers' reactions: an interdisciplinary approach using principal-agent and prospect theories. Economics and Business Letters, 1 (4). pp. 10-20. ISSN 2254-4380

Abstract

In this paper we introduce mathematical models to address deviant behavior theory and practice. We examine only employee behaviors and employer reactions, but this framework is innovative and parsimonious, in that it models employer responses to employee’s behavioural deviance based on the dual application of principal-agent theory and prospect theory. After explaining the model, we examine boundary conditions and limitations and propose a series of applications to illustrate the potential usefulness of the model.


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Item Type: Article (Commonwealth Reporting Category C)
Refereed: Yes
Item Status: Live Archive
Additional Information: Files associated with this item cannot be displayed due to copyright restrictions.
Faculty / Department / School: Historic - Faculty of Sciences - Department of Psychology
Date Deposited: 15 May 2017 01:43
Last Modified: 15 May 2017 01:54
Uncontrolled Keywords: deviance, deviant behavior, employee economic utility, principal-agent theory, prospect theory
Fields of Research : 17 Psychology and Cognitive Sciences > 1701 Psychology > 170107 Industrial and Organisational Psychology
Socio-Economic Objective: B Economic Development > 91 Economic Framework > 9104 Management and Productivity > 910499 Management and Productivity not elsewhere classified
URI: http://eprints.usq.edu.au/id/eprint/31110

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