With Age Comes Wisdom

@article{Worthy2011WithAC,
  title={With Age Comes Wisdom},
  author={Darrell A. Worthy and Marissa A. Gorlick and Jennifer L. Pacheco and David M. Schnyer and W. Todd Maddox},
  journal={Psychological Science},
  year={2011},
  volume={22},
  pages={1375 - 1380}
}
In two experiments, younger and older adults performed decision-making tasks in which reward values available were either independent of or dependent on the previous sequence of choices made. The choice-independent task involved learning and exploiting the options that gave the highest rewards on each trial. In this task, the stability of the expected reward for each option was not influenced by the previous choices participants made. The choice-dependent task involved learning how each choice… 
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