Differences in subjective risk thresholds: worker groups as an example

Article Abstract:

Systematic differences in subjective risk thresholds among workers were investigated. An empirical study of a sample of 335 workers employed at four different chemical plants and exposed to hazardous chemicals confirmed such differences in the quantitative risk level that generated an explicit awareness of the presence of risks. College-educated workers were found to have the lowest risk threshold while their counterparts who were not college-educated had a higher risk threshold. This difference in risk threshold between workers with and without college education can be attributed to their willingness or lack of willingness to incur health risks. In addition, the difference in subjective risk judgments between college-educated workers and those with no college education is due to a difference in their valuation of risk.

Health Care and Social Assistance, HEALTH SERVICES, Employee Health & Safety, Research, Occupational health and safety, Occupational safety and health, Hazardous occupations, Sensory thresholds, Risk perception, Threshold (Perception), Chemical workers

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Thresholds and Transitivity in Stochastic Consumer Choice: A Multinominal Logit Analysis

Article Abstract:

Customer preference is studied where the customer is indifferent to small differences. Threshold levels must be established in this case for the customer to prefer one alternative to another. A multinomial logit model is developed to study threshold sensitive behavior where the consumer has more than two alternatives. Choice probabilities are described. An imperial application is made. An appendix gives the derivation of probabilities. Tables are included.

Decision-making, Decision making, Consumers, Stochastic processes, Attitudes

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Thresholds and Transitivity in Stochastic Consumer Choice: A Multinominal Logit Analysis

Article Abstract:

Utility-based studies of consumer choice assume that the decision maker selects the alternative with the greatest utility. This is not true when the decision maker is indifferent to the alternatives. Certain threshold levels have to be exceeded for the consumer to choose one alternative over another. Considerable difficulties arise when more than two alternatives are considered. The models address major difficulties.

Consumer behavior, Modeling, Data modeling software, Utilities, Stochastic Model, Decision Making, Probability

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