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Rauh, Michael T.; Seccia, Giulio - In: Journal of economics & management strategy : JEMS 19 (2010) 1, pp. 87-116

Persistent link: https://www.econbiz.de/10003949563

Rauh, Michael T.; Seccia, Giulio - 2014

In this paper, we introduce the psychological concept of anxiety into the standard linear agency model. After replacing … the agent's risk premium with anxiety, we show that the agent's optimal effort can conform to the inverted-U hypothesis …, which states that an increase in anxiety improves performance when anxiety is low, but reduces it when anxiety is high. It …

Persistent link: https://www.econbiz.de/10014026659

Motivation crowding theory : a survey of empirical evidence

Frey, Bruno S.; Jegen, Reto - 2000

The motivation crowding effect suggests that an external intervention via monetary incentives or punishments may undermine (and under different indentifiable conditions strengthen) intrinsic motivation. As of today, the theoretical \lang1033 possibility of crowding effects is widely accepted...

Persistent link: https://www.econbiz.de/10009781519

Optimism, pessimism and the unforeseen : modelling an endogenous business cycle driven by strong beliefs

Sell, Friedrich L. - 2002

Indicators of trust, confidence, optimism or sentiment among consumers and/or investors, are published continuously in the mass media. More importantly, these indices seem not only to reflect how the state of the real economy is perceived by private agents, but can also help predict the future...

Persistent link: https://www.econbiz.de/10010509339

Optimism, pessimism and the unforeseen : modelling an endogenous business cycle driven by strong beliefs

Sell, Friedrich L. - 2002

Indicators of "trust", "confidence", "optimism" or "sentiment" among consumers and/or investors, are published continuously in the mass media. More importantly, these indices seem not only to reflect how the state of the real economy is perceived by private agents, but can also help predict the...