The “positivity effect” refers to an age-related trend that favors positive over negative stimuli
in cognitive processing. Relative to their younger counterparts, older people attend to and …

From Piaget to the present, traditional and dual-process theories have predicted
improvement in reasoning from childhood to adulthood, and improvement has been …

Combining meaning, memory, and development, the perennially popular topic of intuition
can be approached in a new way. Fuzzy-trace theory integrates these topics by …

Does risk taking change as a function of age? We conducted a systematic literature search
and found 29 comparisons between younger and older adults on behavioral tasks thought to …

Loss aversion, the principle that losses impact decision making more than equivalent gains,
is a fundamental idea in consumer behavior and decision making, though its existence has …

Research on decision-making strategies among younger and older adults suggests that
older adults may be more risk averse than younger people in the case of potential losses …

Studies on aging‐related changes in decision making report mixed results. Some decision‐
making skills decline with age, while others remain unchanged or improve. Because fluid …

The framing of decision scenarios in terms of potential gains versus losses has been shown
to influence choice preferences between sure and risky options. Normative cognitive …

We examined age differences in temporal discounting, the tendency to devalue delayed
outcomes relative to immediate ones, with particular emphasis on the role of affective …

We outline a contextual and motivational model of judgment and decision‐making (JDM)
biases across the life span. Our model focuses on abilities and skills that correspond to …