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Control Number309646
Date and Time of Latest Transaction20150706092859.AM
General Information150706s |||||||||b ||00|||
Cataloging SourceSTII-DOST
Local Call NumberOpensource
Main Entry - Personal NamePlott, Charles R.
 Grether, David M.
 Camerer, Colin F.
 Kovalchik, Stephanie
 Allman, John M.
Title StatementAging and decision making a comparison between neurologically healthy elderly and young individuals by Stephanie Kovalchik and 4 others
Physical Descriptionpages 79-94 computer file; text; 239kb
Summary, Etc.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.04
Subject Added Entry - Topical TermScience and technology04
 Endowment effect04
 Risk-taking04
 Theory of mind
LocationDOST STII Opensource NONPRINTS NP 13-14690 1 13-14690 Online/Download 2010-11-17
  
     
 
Physical Location
Department of Science and Technology
Science and Technology Information InstituteOpensource
  
     
 
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