Strough, J, Parker, AM and Bruine de Bruin, W orcid.org/0000-0002-1601-789X (2015) Chapter 12 - Understanding Life-Span Developmental Changes in Decision-Making Competence. In: Hess, T, Strough, J and Löckenhoff, C, (eds.) Aging and Decision Making: Empirical and Applied Perspectives. Elsevier Academic Press , pp. 235-257. ISBN 9780124171480
Abstract
Because the median age of the population is increasing in the United States and other nations, it is important to consider how older adults can maintain and potentially improve their decision-making competence despite well-documented age-related cognitive declines. In this chapter, we integrate prior work defining decision-making competence as a set of skills, and show how competence can be measured using a portfolio of validated laboratory tasks developed by decision scientists. We trace evolving views of the deliberative and affective underpinnings of decision-making competence, reviewing research that has assessed age differences. We then present a life-span model of decision-making competence that focuses on the role of motivation for understanding how age-related changes in cognition, affect, and experience may influence decision-making competence and review relevant research. We conclude by identifying specific research challenges, gaps in the literature, and opportunities for improving decision making among individuals across the life span.
Metadata
Item Type: | Book Section |
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Authors/Creators: |
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Editors: |
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Keywords: | Affect; Aging; Behavioral decision making; Cognition; Decision-making competence; Experience; Judgment and decision making; Life-span developmental psychology; Motivation |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Business (Leeds) > Management Division (LUBS) (Leeds) > Management Division Decision Research (LUBS) |
Depositing User: | Symplectic Publications |
Date Deposited: | 23 Oct 2015 15:32 |
Last Modified: | 17 Sep 2019 09:51 |
Published Version: | http://dx.doi.org/10.1016/B978-0-12-417148-0.00012... |
Status: | Published |
Publisher: | Elsevier Academic Press |
Identification Number: | 10.1016/B978-0-12-417148-0.00012-1 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:89466 |