A diversified portfolio model of adaptability

    Research output: Research - peer-reviewArticle

    • 3 Citations

    Abstract

    A new model of adaptability, the diversified portfolio model (DPM) of adaptability, is introduced. In the 1950s, Markowitz developed the financial portfolio model by demonstrating that investors could optimize the ratio of risk and return on their portfolios through risk diversification. The DPM integrates attractive features of a variety of models of adaptability, including Linville's self-complexity model, the risk and resilience model, and Bandura's social cognitive theory. The DPM draws on the concept of portfolio diversification, positing that diversified investment in multiple life experiences, life roles, and relationships promotes positive adaptation to life's challenges. The DPM provides a new integrative model of adaptability across the biopsychosocial levels of functioning. More importantly, the DPM addresses a gap in the literature by illuminating the antecedents of adaptive processes studied in a broad array of psychological models. The DPM is described in relation to the biopsychosocial model and propositions are offered regarding its utility in increasing adaptiveness. Recommendations for future research are also offered.

    LanguageEnglish (US)
    Pages847-862
    Number of pages16
    JournalAmerican Psychologist
    Volume71
    Issue number9
    DOIs
    StatePublished - Dec 1 2016

    Profile

    Adaptability
    Psychological Models
    Life Change Events
    Odds Ratio
    Social Theory
    Diversification
    Resilience
    Social Cognitive Theory
    Investors
    Psychological
    1950s

    Keywords

    • Adaptability
    • Life roles
    • Portfolio model
    • Resilience
    • Self-efficacy

    ASJC Scopus subject areas

    • Arts and Humanities (miscellaneous)
    • Psychology(all)

    Cite this

    A diversified portfolio model of adaptability. / Chandra, Siddharth; Leong, Frederick T L.

    In: American Psychologist, Vol. 71, No. 9, 01.12.2016, p. 847-862.

    Research output: Research - peer-reviewArticle

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