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Stress and Coping - An Economic Approach

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  • Klaus Wälde

    (Johannes-Gutenberg University Mainz and CESifo)

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 individual's personality and environment. Outbursts cannot always be avoided. Delaying emotional outbursts arti...cially can lead to even more outbursts. Looking at the eect 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," Jena Economic Research Papers 2015-020, Friedrich-Schiller-University Jena.
  • Handle: RePEc:jrp:jrpwrp:2015-020
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    Cited by:

    1. Altmann, Steffen & Traxler, Christian & Weinschenk, Philipp, 2017. "Deadlines and Cognitive Limitations," IZA Discussion Papers 11129, Institute of Labor Economics (IZA).
    2. Klaus Wälde & Agnes Moors, 2016. "Current Emotion Research in Economics," Working Papers 1612, Gutenberg School of Management and Economics, Johannes Gutenberg-Universität Mainz.
    3. Katrin Hirte, 2019. "Das dritte gossensche Gesetz - Zur Ueberlieferungspraxis in der oeconomischen Dogmenhistorie," ICAE Working Papers 93, Johannes Kepler University, Institute for Comprehensive Analysis of the Economy.

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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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