Bruine de Bruin, W, Parker, A and Strough, J Choosing to be happy? Age differences in 'maximizing' decision strategies and experienced emotional well-being. In: Netspar International Pension Workshop, 27-29 Jan 2016, Leiden, The Netherlands.
Abstract
Maximizing is a decision strategy that seeks the very best option, which is more elaborate and potentially more regret-inducing than choosing an option that is ‘good enough.’ In surveys with a large national sample, we find that older adults are less likely than younger adults to self-report maximizing, which is associated with their better experienced well-being reported two years later. This pattern holds after controlling for demographic characteristics and negative life events. Our findings suggest that older adults could possibly be opting for decision strategies that make them happier. We discuss implications for interventions that aim to improve decision making.
Metadata
Item Type: | Conference or Workshop Item |
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Authors/Creators: |
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Keywords: | aging; decision making; maximizing; emotional well-being |
Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Business (Leeds) > Management Division (LUBS) (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 19 Feb 2016 14:26 |
Last Modified: | 29 Jan 2018 14:43 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:95208 |