Age differences in temporal discounting: the role of dispositional affect and anticipated emotions.

@article{Lckenhoff2011AgeDI,
  title={Age differences in temporal discounting: the role of dispositional affect and anticipated emotions.},
  author={Corinna E. L{\"o}ckenhoff and Ted O’Donoghue and David B. Dunning},
  journal={Psychology and aging},
  year={2011},
  volume={26 2},
  pages={
          274-284
        }
}
We examined age differences in temporal discounting, the tendency to devalue delayed outcomes relative to immediate ones, with particular emphasis on the role of affective responses. A life-span sample completed an incentive-compatible temporal discounting task involving both monetary gains and losses. Covariates included demographic characteristics, cognitive functioning, personality traits, affective responses, and subjective health. Advanced age was associated with a lower tendency to… 
Age Differences in Intertemporal Choice: The Role of Task Type, Outcome Characteristics, and Covariates.
TLDR
Findings converge with prior studies reporting weak or null effects of age in temporal discounting tasks and suggest that inconsistent results are not due to variations in outcome valence, delay, or amount across studies.
Age Differences in Emotional Responses to Monetary Losses and Gains
TLDR
In a gamble with randomly assigned losses, older adults reported relatively less negative and more positive emotions than younger adults, especially after losses (vs. gains).
Gender-Specific Differences in the Relationship between Autobiographical Memory and Intertemporal Choice in Older Adults
TLDR
No clear evidence is found for a relationship between episodic memory performance and delay discounting in older adults, but when additionally considering gender differences, an interaction effect of gender and autobiographical memory on delay Discounting is found: while men with higher memory scores showed less delay discounts, women with higherMemory scores tended to discount the future more.
Who saves the best for last? Age differences in preferences for affective sequences.
TLDR
Across both studies, younger participants preferred increasingly positive sequences, but this preference was negatively associated with age, and future time perspective was associated with both age and sequence preferences.
Adult age differences in decision making across domains: Increased discounting of social and health-related rewards.
TLDR
It is suggested that older adults may be more motivated than young adults to obtain social and health rewards immediately and with certainty.
Age Differences in Intertemporal Choice: U-Shaped Associations in a Probability Sample of German Households
TLDR
It is suggested that it is important to consider long time delays and wide age ranges when trying to understand age differences in time preferences, as well as theories that propose nonlinear effects of age-related processes or multiple mechanisms underlying the development of intertemporal choice across the life span.
The neurodevelopment of delay discounting for monetary rewards in pre-adolescent children
TLDR
Investigation of the neural dynamic differences between children and adults during delay discounting processes found that children discounted more than adults and chose more immediate choices.
Discounting preferences and response consistency as markers of functional ability in community-dwelling older adults
Introduction: Predictors of functional independence in older adults are in need. Based on findings that delay discounting, probability discounting, and the ability to respond consistently use
Memory of decisions: Relationship between decline of autobiographical memory and temporal discounting in Alzheimer’s disease
TLDR
Temporal discounting was significantly correlated with decline in AM and general cognitive decline but not with executive dysfunction in patients with AD and the tendency to decide based on immediate rewards in AD is related with difficulty in remembering information about experiences of previous decisions.
Preferences for Temporal Sequences of Real Outcomes Differ Across Domains but do not Vary by Age
TLDR
There was a domain effect with participants preferring decreasing sequences for shocks and mixed sequences for effort and money, and there were no significant age differences in sequence-preferences in either of the studies.
...
1
2
3
4
5
...

References

SHOWING 1-10 OF 68 REFERENCES
Delay discounting: Interactions between personality and cognitive ability
Delay discounting describes the extent to which the value of a reward decreases as the delay to obtaining that reward increases. Lower discounting rates predict better outcomes in social, academic,
Aging, emotion, and health-related decision strategies: motivational manipulations can reduce age differences.
TLDR
Age differences in information acquisition and recall in the health care realm are examined and older adults reviewed and recalled a greater proportion of positive than of negative information compared with young adults.
Discounting of Delayed Rewards: A Life-Span Comparison
In this study, children, young adults, and older adults chose between immediate and delayed hypothetical monetary rewards The amount of the delayed reward was held constant while its delay was varied
At the Intersection of Emotion and Cognition
Divergent trajectories characterize the aging mind: Processing capacity declines, while judgment, knowledge, and emotion regulation are relatively spared. We maintain that these different
Aging and motivated cognition: the positivity effect in attention and memory
TLDR
It is suggested that both cognitive abilities and motivation contribute to older adults' improved emotion regulation.
Emotional aging: recent findings and future trends.
  • S. Scheibe, L. Carstensen
  • Psychology, Medicine
    The journals of gerontology. Series B, Psychological sciences and social sciences
  • 2010
TLDR
It is argued that efforts to link levels of emotional functioning with long-term outcomes, combining space- and time-sensitive measures of brain function, and developing interventions to improve life quality for older adults may further refine life-span theories and open promising avenues of empirical investigation.
Discounting of delayed rewards across the life span: age differences in individual discounting functions
TLDR
The fact that the same mathematical model described the behavior of individuals of different ages suggests that age and individual differences in the discounting of delayed rewards are primarily quantitative in nature and reflect variations on fundamentally similar choice processes.
Affective experience in adulthood and old age: The role of affective arousal and perceived affect regulation.
TLDR
Age-related advantages in perceived affect regulation seem to be one central component of resilience in old age, as well as the perceived regulation of affect in the face of difficulties or threatening situations.
The effect of age on positive and negative affect: a developmental perspective on happiness.
TLDR
Findings lend support to recent life span theories of emotion and indicate that personality, contextual, and sociodemographic variables, as well as their interactions, are all needed to fully understand the age-affect relationship.
Monetary losses do not loom large in later life: age differences in the framing effect.
  • J. Mikels, Andrew E. Reed
  • Medicine, Psychology
    The journals of gerontology. Series B, Psychological sciences and social sciences
  • 2009
TLDR
Although both groups demonstrated risk aversion in the gain frame, only younger adults showed risk seeking in the loss frame in the current study.
...
1
2
3
4
5
...