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

27 Pages Posted: 8 May 2006

See all articles by Michael T. Rauh

Michael T. Rauh

Indiana University - Kelley School of Business - Department of Business Economics & Public Policy

Giulio Seccia

University of Southampton - Division of Economics

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.

Suggested Citation

Rauh, Michael T. and Seccia, Giulio, Anxiety and Performance: An Endogenous Learning-by-Doing Model. International Economic Review, Vol. 47, No. 2, pp. 583-609, May 2006. Available at SSRN: https://ssrn.com/abstract=895880 or http://dx.doi.org/10.1111/j.1468-2354.2006.00390.x

Michael T. Rauh (Contact Author)

Indiana University - Kelley School of Business - Department of Business Economics & Public Policy ( email )

Bloomington, IN 47405
United States

Giulio Seccia

University of Southampton - Division of Economics ( email )

Southampton, SO17 1BJ
United Kingdom
+44 23 8059 3529 (Phone)
+44 23 8059 3858 (Fax)

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