Add to ORKGWe report the results of experiments on economic decisions with two populations, one of healthy elderly individuals (average age 82) and one of younger students (average age 20). We examine confidence, decisions under uncertainty, differences between willingness to pay and willingness to accept and the theory of mind (strategic thinking). Our findings indicate that the older adults’ decision behavior is similar to that of young adults, contrary to the notion that economic decision making is impaired with age. Moreover, some of the demonstrated decision behaviors suggest that the elderly individuals are less biased than the younger individuals
Experiment 1 demonstrated that old adults used probability and payoff in hypothetical decisions take...
We separate for the first time the roles of cognitive and motivational factors in shaping age differ...
The emerging literature on aging and decision making posits that decision‐making competence changes ...
We report the results of experiments on economic decisions with two populations, one of healthy elde...
We report the results of experiments on economic decisions with two populations, one of healthy eld...
During aging cognitive functions change differently from others. Unlike most of the body systems, th...
Objective Conduct a systematic review to investigate whether healthy elderly have deficits in the d...
The global population is growing older. In addition to this demographic change, individuals are incr...
Healthy aging is associated with changes in both cognitive abilities, including decision-making, and...
Fluid intelligence decreases with age, yet evidence about age declines in decision-making quality is...
Neuroeconomics refers to a combination of paradigms derived from neuroscience, psychology, and econo...
Several studies showed that people, and in particular older adults, tend to have negative beliefs ab...
In an aging society, it becomes more and more important to understand how aging affects decision mak...
The current study examined age differences in decision making as a function of familiarity and time ...
The older adult population of the United States is expected to increase substantially in the next tw...
Experiment 1 demonstrated that old adults used probability and payoff in hypothetical decisions take...
We separate for the first time the roles of cognitive and motivational factors in shaping age differ...
The emerging literature on aging and decision making posits that decision‐making competence changes ...
We report the results of experiments on economic decisions with two populations, one of healthy elde...
We report the results of experiments on economic decisions with two populations, one of healthy eld...
During aging cognitive functions change differently from others. Unlike most of the body systems, th...
Objective Conduct a systematic review to investigate whether healthy elderly have deficits in the d...
The global population is growing older. In addition to this demographic change, individuals are incr...
Healthy aging is associated with changes in both cognitive abilities, including decision-making, and...
Fluid intelligence decreases with age, yet evidence about age declines in decision-making quality is...
Neuroeconomics refers to a combination of paradigms derived from neuroscience, psychology, and econo...
Several studies showed that people, and in particular older adults, tend to have negative beliefs ab...
In an aging society, it becomes more and more important to understand how aging affects decision mak...
The current study examined age differences in decision making as a function of familiarity and time ...
The older adult population of the United States is expected to increase substantially in the next tw...
Experiment 1 demonstrated that old adults used probability and payoff in hypothetical decisions take...
We separate for the first time the roles of cognitive and motivational factors in shaping age differ...
The emerging literature on aging and decision making posits that decision‐making competence changes ...