Anxiety and performance: a learning-by-doing model

Rauh, Michael T. and Seccia, Giulio (2006) Anxiety and performance: a learning-by-doing model. International Economic Review, 47 (2), 583-609. (doi:10.1111/j.1468-2354.2006.00390.x).

Record type: Article

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.
It doesn't take much technique to roll a 1.68 inch ball along a smooth, level surface into, or in the immediate vicinity of, a 4.5 inch hole. With no pressure on you, you can do it one-handed most of the time. But there is always pressure on the shorter putts … 90 percent of the rounds I play in major championships, I play with a bit of a shake. Jack Nicklaus, quoted in Patmore (1986, p. 75)

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