Embodied Capital and Risk-Related Traits, Attitudes, Behaviors, and Outcomes: An Exploratory Examination of Attractiveness, Cognitive Ability, and Physical Ability

Abstract

The relative state model posits two nonindependent pathways to risk. The need-based pathway suggests people take risks when nonrisky options are unlikely to meet their needs. The ability-based pathway suggests people take risks when they possess resources or abilities making them more capable of successfully “pulling off” risk-taking. Growing laboratory and field evidence supports need-based risk-taking. However, little is known about ability-based risk-taking. We examined whether three indicators of embodied capital (attractiveness, cognitive ability, and physical dexterity) were associated with risk-related personality traits, risk-attitudes, behavioral risk-taking, and outcomes associated with risk-taking. Among 328 community members recruited to maximize variance on risk-propensity, we demonstrate that embodied capital indices predict various instantiations of risk-propensity consistent with the relative state model.