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- Akande, Adebowale(1)
- Al-Zubaidi, Abdulqawi Salim(1)
- Allen, Michael W.(1)
- Ansari, Mahfooz A.(1)
- Arias-Galicia, Fernando(1)
- Borg, Mark G.(1)
- Canova, Luigina(1)
- Charles-Pauvers, Brigitte(1)
- Chen, Jingqiu(1)
- Cheng, Bor-Shiuan(1)
- Chiu, Randy Ki-Kwan(1)
- Correia, Rosario(1)
- Du, Linzhi(1)
- Garber, Ilya(1)
- Ibrahim, Abdul Hamid Safwat(1)
- Jen, Chin-Kang(1)
- Kazem, Ali Mahdi(1)
- Kim, Kilsun(1)
- Li, Zhen(1)
- Lim, Vivien K. G.(1)
- Luna-Arocas, Roberto(1)
- Malovics, Eva(1)
- Manganelli, Anna Maria(1)
- Moreira, Alice S.(1)
- Mpoyi, Richard T.(1)
- Nnedum, Obiajulu Anthony Ugochukwu(1)
- Osagie, Johnston E.(1)
- Osman-Gani, AAhad M.(1)
- Pereira, Francisco Jose Costa(1)
- Pholsward, Ruja(1)
- Pitariu, Adrian H.(1)
- Polic, Marko(1)
- Sardzoska, Elisaveta Gjorgji(1)
- Skobic, Petar(1)
- Stembridge, Allen F.(1)
- Sutarso, Toto(1)
- Tang, Ningyu(1)
- Tang, Theresa Li-Na(1)
- Tang, Thomas Li-Ping(1)
- Teo, Thompson S. H.(1)
Yayınlar
- MakaleAçık Erişim2023Behavioral economics and monetary wisdom: A cross-level analysis of monetary aspiration, pay (dis)satisfaction, risk perception, and corruption in 32 nations
Tang, Thomas Li-Ping; Li, Zhen; Özbek, Mehmet Ferhat; Lim, Vivien K. G.; Teo, Thompson S. H.; Ansari, Mahfooz A.; Sutarso, Toto; Garber, Ilya; Chiu, Randy Ki-Kwan; Charles-Pauvers, Brigitte
Corruption involves greed, money, and risky decision-making. We explore the love of money, pay satisfaction, probability of risk, and dishonesty across cultures. Avaricious monetary aspiration breeds unethicality. Prospect theory frames decisions in the gains-losses domain and high-low probability. Pay dissatisfaction (in the losses domain) incites dishonesty in the name of justice at the individual level. The Corruption Perceptions Index, CPI, signals a high-low probability of getting caught for dishonesty at the country level. We theorize that decision-makers adopt avaricious love-of-money aspiration as a lens and frame dishonesty in the gains-losses domain (pay satisfaction-dissatisfaction, Level 1) and high-low probability (CPI, Level 2) to maximize expected utility and ultimate serenity. We challenge the myth: Pay satisfaction mitigates dishonesty across nations consistently. Based on 6500 managers in 32 countries, our cross-level three-dimensional visualization offers the following discoveries. Under high aspiration conditions, pay dissatisfaction excites the highest- (third-highest) avaricious justice-seeking dishonesty in high (medium) CPI nations, supporting the certainty effect. However, pay satisfaction provokes the second-highest avaricious opportunity-seizing dishonesty in low CPI entities, sustaining the possibility effect-maximizing expected utility. Under low aspiration conditions, high pay satisfaction consistently leads to low dishonesty, demonstrating risk aversion-achieving ultimate serenity. We expand prospect theory from a micro and individual-level theory to a cross-level theory of monetary wisdom across 32 nations. We enhance the S-shaped Curve to three 3-D corruption surfaces across three levels of the global economic pyramid, providing novel insights into behavioral economics, business ethics, the environment, and responsibility.