TY  - GEN
AU  - Kovalchik, Stephanie
AU  - Camerer, Colin F.
AU  - Grether, David M.
AU  - Plott, Charles R.
AU  - Allman, John M.
SN  - 0167-2681
AU  - Kovalchik, Stephanie
AU  - Camerer, Colin F.
AU  - Grether, David M.
AU  - Plott, Charles R.
AU  - Allman, John M.
LA  - eng
CN  - ENP-42cc86e1-7f97-4747-953e-fb41b3d47a3c
TI  - Aging and decision making: a comparison between neurologically healthy elderly and young individuals
PY  - 2005
AB  - We 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.
ER  -