08.03.2017 | Older but Bolder: Older Adults Make Riskier Decisions
Older people make riskier choices than younger adults—and worse decisions
A study has shown that—contrary to popular belief—older people make riskier decisions than younger adults. Older people’s generally more positive emotions make them more optimistic when gauging risks. In addition, older adults are less deterred by the risk of losses than younger adults are. These are the findings of a study conducted by researchers at the Max Planck Institute for Human Development and published in the journal Psychological Science.