Forum for Science, Industry and Business

Sponsored by:     3M 
Search our Site:

 

Decision making changes with age -- and age helps!

24.08.2011
We make decisions all our lives—so you'd think we'd get better and better at it. Yet research has shown that younger adults are better decision makers than older ones. Some Texas psychologists, puzzled by these findings, suspected the experiments were biased toward younger brains.

So, rather than testing the ability to make decisions one at a time without regard to past or future, as earlier research did, these psychologists designed a model requiring participants to evaluate each result in order to strategize the next choice, more like decision making in the real world.

The results: The older decision makers trounced their juniors. The findings will be published in an upcoming issue of Psychological Science, a journal of the Association for Psychological Science.

"We found that older adults are better at evaluating the immediate and delayed benefits of each option they choose from. They are better at creating strategies in response to the environment," says Darrell Worthy, of Texas A&M University, who conducted the study with Marissa Gorlick, Jennifer Pacheco, David Schnyer, and Todd Maddox, all at the University of Texas at Austin.

In the first experiment, groups of older (ages 60 to early 80s) and younger (college-age) adults received points each time they chose from one of four options and tried to maximize the points they earned. In this portion, the younger adults were more efficient at selecting the options that yielded more points.

In the second experiment—the setup was a sham test of two "oxygen accumulators" on Mars—the rewards received depended on the choices made previously. The "decreasing option" gave a larger number of points on each trial, but caused rewards on future trials to be lower. The "increasing option" gave a smaller reward on each trial but caused rewards on future trials to increase. In one version of the test, the increasing option led to more points earned over the course of the experiment; in another, chasing the increasing option couldn't make up for the points that could be accrued grabbing the bigger bite on each trial.

The older adults did better on every permutation.

"The younger adults were better when only the immediate rewards needed to be considered," says Worthy. "But the second experiment required developing a theory about how rewards in the environment were structured. The more experience you have in this, the better you are better at it."

The psychologists conjecture that these results are related to the ways we use our brains as we age. Younger people's choice making relies on the ventral striatum, which is related to habitual, reflexive learning and immediate rewards: impulsivity. But as this portion of the brain declines, older adults compensate by using their pre-frontal cortices, where more rational, deliberative thinking is controlled.

"More broadly, our findings suggest that older adults have learned a number of heuristics"—reasoning methods—"from their vast decision-making experience," says Worthy. Another word for this, which the psychologists use in their title, is wisdom. For older people, it may be nice to know that this sometimes-undervalued asset has been ratified in the lab.

For more information about this study, please contact: Darrell A. Worthy at worthyda@tamu.edu.

The APS journal Psychological Science is the highest ranked empirical journal in psychology. For a copy of the article "With Age Comes Wisdom: Decision-Making in Younger and Older Adults" and access to other Psychological Science research findings, please contact Divya Menon at 202-293-9300 or dmenon@psychologicalscience.org.

Divya Menon | EurekAlert!
Further information:
http://www.psychologicalscience.org

More articles from Studies and Analyses:

nachricht Smart Data Transformation – Surfing the Big Wave
02.12.2016 | Fraunhofer-Institut für Angewandte Informationstechnik FIT

nachricht Climate change could outpace EPA Lake Champlain protections
18.11.2016 | University of Vermont

All articles from Studies and Analyses >>>

The most recent press releases about innovation >>>

Die letzten 5 Focus-News des innovations-reports im Überblick:

Im Focus: Novel silicon etching technique crafts 3-D gradient refractive index micro-optics

A multi-institutional research collaboration has created a novel approach for fabricating three-dimensional micro-optics through the shape-defined formation of porous silicon (PSi), with broad impacts in integrated optoelectronics, imaging, and photovoltaics.

Working with colleagues at Stanford and The Dow Chemical Company, researchers at the University of Illinois at Urbana-Champaign fabricated 3-D birefringent...

Im Focus: Quantum Particles Form Droplets

In experiments with magnetic atoms conducted at extremely low temperatures, scientists have demonstrated a unique phase of matter: The atoms form a new type of quantum liquid or quantum droplet state. These so called quantum droplets may preserve their form in absence of external confinement because of quantum effects. The joint team of experimental physicists from Innsbruck and theoretical physicists from Hannover report on their findings in the journal Physical Review X.

“Our Quantum droplets are in the gas phase but they still drop like a rock,” explains experimental physicist Francesca Ferlaino when talking about the...

Im Focus: MADMAX: Max Planck Institute for Physics takes up axion research

The Max Planck Institute for Physics (MPP) is opening up a new research field. A workshop from November 21 - 22, 2016 will mark the start of activities for an innovative axion experiment. Axions are still only purely hypothetical particles. Their detection could solve two fundamental problems in particle physics: What dark matter consists of and why it has not yet been possible to directly observe a CP violation for the strong interaction.

The “MADMAX” project is the MPP’s commitment to axion research. Axions are so far only a theoretical prediction and are difficult to detect: on the one hand,...

Im Focus: Molecules change shape when wet

Broadband rotational spectroscopy unravels structural reshaping of isolated molecules in the gas phase to accommodate water

In two recent publications in the Journal of Chemical Physics and in the Journal of Physical Chemistry Letters, researchers around Melanie Schnell from the Max...

Im Focus: Fraunhofer ISE Develops Highly Compact, High Frequency DC/DC Converter for Aviation

The efficiency of power electronic systems is not solely dependent on electrical efficiency but also on weight, for example, in mobile systems. When the weight of relevant components and devices in airplanes, for instance, is reduced, fuel savings can be achieved and correspondingly greenhouse gas emissions decreased. New materials and components based on gallium nitride (GaN) can help to reduce weight and increase the efficiency. With these new materials, power electronic switches can be operated at higher switching frequency, resulting in higher power density and lower material costs.

Researchers at the Fraunhofer Institute for Solar Energy Systems ISE together with partners have investigated how these materials can be used to make power...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

Event News

ICTM Conference 2017: Production technology for turbomachine manufacturing of the future

16.11.2016 | Event News

Innovation Day Laser Technology – Laser Additive Manufacturing

01.11.2016 | Event News

#IC2S2: When Social Science meets Computer Science - GESIS will host the IC2S2 conference 2017

14.10.2016 | Event News

 
Latest News

UTSA study describes new minimally invasive device to treat cancer and other illnesses

02.12.2016 | Medical Engineering

Plasma-zapping process could yield trans fat-free soybean oil product

02.12.2016 | Agricultural and Forestry Science

What do Netflix, Google and planetary systems have in common?

02.12.2016 | Physics and Astronomy

VideoLinks
B2B-VideoLinks
More VideoLinks >>>