COMPETITIVENESS AND STRESS

• 成果类型: Article
• 署名作者: Zhong, Songfa; Shalev, Idan; Koh, David; Ebstein, Richard P.; Chew, Soo Hong
• 署名单位: National University of Singapore; Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park
• 刊物名称: INTERNATIONAL ECONOMIC REVIEW
• ISSN/ISSBN: 0020-6598
• DOI: 10.1111/iere.12303
• 发表日期: 2018
• 页码: 1263-1281
• 关键词: financial risk-taking; physiological-responses; psychological stress; testosterone change; tournaments; preferences; performance; predicts; GENDER

摘要

This study explores the relationship between competitiveness and stress. In Experiment 1, we observe a higher response of cortisolthe primary stress hormoneto the computation task coupled with tournament than to the computation task with piece rate. Moreover, more competitive subjects exhibit higher stress responses than their less competitive counterparts in the computation tasks under both tournament and piece rate. In Experiment 2, we find that exogenously induced stress does not significantly affect competitiveness. Overall, our findings reveal an important trade-off between tournament and piece rate in terms of stress response with implications on the design of incentive contracts.