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 have 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.