Stress and Coping - An Economic Approach

Klaus Wälde

No 2015018, LIDAM Discussion Papers IRES from Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES)

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 artifcially can lead to even more outbursts. Looking at the effect of psychotherapy shows that expecting little and being emotional can help maximizing well-being.

Keywords: Stress; coping; personality; controlled vs. automatic reaction; emotional outbursts; optimal stopping problem (search for similar items in EconPapers)
JEL-codes: D03 D91 I12 (search for similar items in EconPapers)
Pages: 39
Date: 2015-10-06
New Economics Papers: this item is included in nep-cbe, nep-evo and nep-hea
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Related works:
Working Paper: Stress and Coping - An Economic Approach (2018)
Working Paper: Stress and Coping: An Economic Approach (2018)
Working Paper: Stress and Coping - An Economic Approach (2015)
Working Paper: Stress and Coping - An Economic Approach (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:ctl:louvir:2015018

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