Differences in Risk Aversion between Young and Older Adults.

@article{Albert2012DifferencesIR,
  title={Differences in Risk Aversion between Young and Older Adults.},
  author={Steven M. Albert and John Duffy},
  journal={Neuroscience and neuroeconomics},
  year={2012},
  volume={2012 1}
}
Research on decision-making strategies among younger and older adults suggests that older adults may be more risk averse than younger people in the case of potential losses. These results mostly come from experimental studies involving gambling paradigms. Since these paradigms involve substantial demands on memory and learning, differences in risk aversion or other features of decision-making attributed to age may in fact reflect age-related declines in cognitive abilities. In the current study… CONTINUE READING
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