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Stress and Coping - An Economic Approach

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  • Klaus Wälde

    (Johannes Gutenberg University Mainz)

Abstract

Stress is ubiquitous in society. In our model, stressors translate into subjective stress via an appraisal process. Stress reduces instantaneous utility of an individual directly and via a cognitive load argument. Coping can be functional and under the control of the individual or more automatic with dysfunctional features. We predict the occurrence and frequency of uncontrolled coping emotional outbursts as a function of an individuals personality and environment. Outbursts cannot always be avoided. Delaying emotional outbursts articially can lead to even more outbursts. Looking at the e/ect of psychotherapy shows that expecting little and being emotional can help maximizing well-being.

Suggested Citation

  • Klaus Wälde, 2015. "Stress and Coping - An Economic Approach," Working Papers 1514, Gutenberg School of Management and Economics, Johannes Gutenberg-Universität Mainz.
    • Handle: RePEc:jgu:wpaper:1514
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    More about this item

    Keywords

    Stress; coping; personality; controlled vs. automatic reaction; emotional outbursts; optimal stopping problem;
    All these keywords.

    JEL classification:

    • D03 - Microeconomics - - General - - - Behavioral Microeconomics: Underlying Principles
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • I12 - Health, Education, and Welfare - - Health - - - Health Behavior

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