State-dependent risk-taking.

ABSTRACT: Who takes risks, and when? The relative state model proposes two non-independent selection pressures governing risk-taking: need-based and ability-based. The need-based account suggests that actors take risks when they cannot reach target states with low-risk options (consistent with risk-sensitivity theory). The ability-based account suggests that actors engage in risk-taking when they possess traits or abilities that increase the expected value of risk-taking (by increasing the probability of success, enhancing payoffs for success or buffering against failure). Adaptive risk-taking involves integrating both considerations. Risk-takers compute the expected value of risk-taking based on their state-the interaction of embodied capital relative to one's situation, to the same individual in o

SUBMITTER: Barclay P 

PROVIDER: S-EPMC6030535 | biostudies-literature | 2018 Jun

REPOSITORIES: biostudies-literature