Anxiety and Performance: An Endogenous Learning-by-doing Model
AbstractIn this article, we show that a standard economic model, the endogenous learning-by-doing model, captures several major themes from the anxiety literature in psychology. In our model, anxiety is a fully endogenous construct that can be separated naturally into its cognitive and physiological components. As such, our results are directly comparable with hypotheses and evidence from psychology. We show that anxiety can serve a motivating function, which suggests potential applications in the principal-agent literature.
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Bibliographic InfoPaper provided by Indiana University, Kelley School of Business, Department of Business Economics and Public Policy in its series Working Papers with number 2005-01.
Date of creation: 2005
Date of revision:
Publication status: Published in International Economic Review, 2006
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Diamond Paradox; price dispersion; search; strategic complementarities;
Other versions of this item:
- Michael T. Rauh & Giulio Seccia, 2006. "Anxiety And Performance: An Endogenous Learning-By-Doing Model," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 47(2), pages 583-609, 05.
- L0 - Industrial Organization - - General
- D43 - Microeconomics - - Market Structure and Pricing - - - Oligopoly and Other Forms of Market Imperfection
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search, Learning, and Information
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