Literature DB >> 23163708

The dark side of intuition: aging and increases in nonoptimal intuitive decisions.

Joseph A Mikels1, Elaine Cheung, Jeremy Cone, Thomas Gilovich.   

Abstract

When making decisions, people typically draw on two general modes of thought: intuition and reason. Age-related changes in cognition and emotion may impact these decision processes: Although older individuals experience declines in deliberative processes, they experience stability or improvement in their emotional processes. Recent research has shown that when older adults rely more on their intact emotional abilities versus their declining deliberative faculties, the quality of their decisions is significantly improved. But how would older adults fare under circumstances in which intuitive/affective processes lead to nonoptimal decisions? The ratio bias paradigm embodies just such a circumstance, offering individuals a chance to win money by drawing, say, a red jellybean from one of two dishes containing red and white jellybeans. People will often choose to draw from a dish with a greater absolute number of winners (nine red beans and 91 white beans; 9%) than a dish with a greater probability of winning (one red bean and nine white beans; 10%) due to a strong emotional pull toward the greater number. We examined whether older adults (N = 30) would make more nonoptimal decisions on the ratio bias task than young adults (N = 30). We found that older adults did make more nonoptimal choices than their younger counterparts and that positive affect was associated with nonoptimal choices. PsycINFO Database Record (c) 2013 APA, all rights reserved.

Entities:  

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Year:  2012        PMID: 23163708     DOI: 10.1037/a0030441

Source DB:  PubMed          Journal:  Emotion        ISSN: 1528-3542


  12 in total

1.  Differential focus on probability and losses between young and older adults in risky decision-making.

Authors:  Erica L O'Brien; Thomas M Hess
Journal:  Neuropsychol Dev Cogn B Aging Neuropsychol Cogn       Date:  2019-07-29

2.  What were they thinking? Reducing sunk-cost bias in a life-span sample.

Authors:  JoNell Strough; Wändi Bruine de Bruin; Andrew M Parker; Tara Karns; Philip Lemaster; Nipat Pichayayothin; Rebecca Delaney; Rachel Stoiko
Journal:  Psychol Aging       Date:  2016-11

3.  This time with feeling: Aging, emotion, motivation, and decision making at work.

Authors:  Joseph A Mikels; Alice F Stuhlmacher
Journal:  Ind Organ Psychol       Date:  2020-11-11

4.  Aspects of cognition that impact aging-in-place and long-term care planning.

Authors:  Lee A Lindquist; Amber P Miller-Winder; Allison Schierer; Alaine Murawski; Lauren Opsasnick; Laura M Curtis; Kwang-Youn Kim; Vanessa Ramirez-Zohfeld
Journal:  J Am Geriatr Soc       Date:  2022-06-20       Impact factor: 7.538

5.  Getting older isn't all that bad: better decisions and coping when facing "sunk costs".

Authors:  Wändi Bruine de Bruin; JoNell Strough; Andrew M Parker
Journal:  Psychol Aging       Date:  2014-09

6.  A generic brain connectome map linked to different types of everyday decision-making in old age.

Authors:  Brian Rooks; Mia Anthony; Quanjing Chen; Ying Lin; Timothy Baran; Zhengwu Zhang; Peter A Lichtenberg; Feng Lin
Journal:  Brain Struct Funct       Date:  2019-12-19       Impact factor: 3.748

7.  Age differences in intuitive moral decision-making: Associations with inter-network neural connectivity.

Authors:  Shenyang Huang; Leonard Faul; Gunes Sevinc; Laetitia Mwilambwe-Tshilobo; Roni Setton; Amber W Lockrow; Natalie C Ebner; Gary R Turner; R Nathan Spreng; Felipe De Brigard
Journal:  Psychol Aging       Date:  2021-09-02

8.  The effects of normal aging on multiple aspects of financial decision-making.

Authors:  Dorien F Bangma; Anselm B M Fuermaier; Lara Tucha; Oliver Tucha; Janneke Koerts
Journal:  PLoS One       Date:  2017-08-09       Impact factor: 3.240

9.  Determinants of judgment and decision making quality: the interplay between information processing style and situational factors.

Authors:  Shahar Ayal; Zohar Rusou; Dan Zakay; Guy Hochman
Journal:  Front Psychol       Date:  2015-07-30

10.  Salience and default-mode network connectivity during threat and safety processing in older adults.

Authors:  Lars Marstaller; Samuel Fynes-Clinton; Hana Burianová; David C Reutens
Journal:  Hum Brain Mapp       Date:  2020-09-16       Impact factor: 5.038

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