ANXIETY AND PERFORMANCE: AN ENDOGENOUS LEARNING‐BY‐DOING MODEL*
构建了一个内生性干中学模型，将焦虑分解为认知和生理成分，证明焦虑具有激励功能，对委托代理理论有潜在应用价值。
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)