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- Title
Risk, reward, and economic decision making in aging.
- Authors
Roalf, David R; Mitchell, Suzanne H; Harbaugh, William T; Janowsky, Jeri S
- Abstract
Older adults' decision quality is considered to be worse than that of younger adults. This age-related difference is often attributed to reductions in risk tolerance. Little is known about the circumstances that affect older adults' decisions and whether risk attitudes directly influence economic decisions. We measure the influence of risk attitudes on age-related differences in decision making in both nonsocial and social contexts.
- Publication
The journals of gerontology. Series B, Psychological sciences and social sciences, 2012, Vol 67, Issue 3, p289
- ISSN
1758-5368
- Publication type
Journal Article
- DOI
10.1093/geronb/gbr099