Eliminating Risk Biases in Elderly Decision-Making

Millar, Peter R.


  • Research in the decision-making behaviors of older adult indicates a heightened preference for decision aids and heuristics in making choices. This preference may be a result of cognitive decline, motivational shifts, or enhanced valence salience in old age. Two experiments used modified versions of the Tversky and Kahneman (1981) framing-effect paradigm to compare both older and younger participants' ... read more
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