Decision-Making and Aging Workshop
There has been a noticeable trend in the growing complexity of decisions being faced in old age, e.g., pensions and benefit issues, portfolio investment decisions, pharmaceuticals, and health insurance options. BSR convened a small working group to share ideas in the area of decision making and aging. The presentations highlighted the importance of affect and motivation on judgments, probability perception, and decision-making. Age differences in affective/experiential and deliberative processes had important theoretical implications for both theory and application. Some of the underlying themes of the discussion were: the need for greater cross-disciplinary understanding; the need to identify common problems of interest; the need for better models; and, the need for better cognitive data.