Anxiety and Performance: An Endogenous Learning-by-doing Model

Michael Rauh () and Giulio Seccia
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Giulio Seccia: Department of Economics, University of Southampton

No 2005-01, Working Papers from Indiana University, Kelley School of Business, Department of Business Economics and Public Policy

Abstract: In 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.

Keywords: Diamond Paradox; price dispersion; search; strategic complementarities (search for similar items in EconPapers)
JEL-codes: D43 D83 L0 (search for similar items in EconPapers)
Date: 2005
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Citations: View citations in EconPapers (3)

Published in International Economic Review, 2006

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http://kelley.iu.edu/riharbau/RePEc/iuk/wpaper/bepp2005-01-rauh-seccia.pdf (application/pdf)

Related works:
Journal Article: ANXIETY AND PERFORMANCE: AN ENDOGENOUS LEARNING-BY-DOING MODEL (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:iuk:wpaper:2005-01

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