Making : A broad comparative study of decision behavior in neurologically healthy elderly and young individuals

  • Stephanie Kovalchika, Colin F. Camererb, David M. Gretherb, Charles R. Plottb, John M. Allmanc
  • Published 2003

Abstract

We investigate behavior in a series of economic decisions with two populations, one of healthy elderly individuals (with average age 82) and one of younger students (average age 20). We examine confidence, gambling, the endowment effect, and the theory of mind (strategic thinking). Our findings indicate that the older adults’ decision behavior is similar to… (More)

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