publication . Other literature type . Article . 2002

Aging and decision‐making competence: an analysis of comprehension and consistency skills in older versus younger adults considering health‐plan options

Melissa L. Finucane; Paul Slovic; Judith H. Hibbard; Ellen Peters; C. K. Mertz; Donald G. MacGregor;
  • Published: 01 Apr 2002
  • Publisher: Wiley
Abstract
Older adults need to maintain strong decision-making capabilities as they age. However, we know little about how age-related physical and psychological changes affect older adults' judgment and decision processes. This paper reports the results of research comparing older versus younger adults' performance on evaluation and choice tasks about health-plan options. In particular, comprehension and consistency in judgments (across separate versus joint evaluation contexts) were examined. Results indicated that increasing age was related to greater comprehension errors and inconsistent preferences, even when covariates (education, income, gender, self-perceived skil...
Subjects
free text keywords: Applied Psychology, Strategy and Management, Arts and Humanities (miscellaneous), General Decision Sciences, Sociology and Political Science, Psychological intervention, Seriousness, media_common.quotation_subject, media_common, Decision process, Developmental psychology, Health plan, Younger adults, Psychology, Delegation, Decision style, Comprehension, Social psychology
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publication . Other literature type . Article . 2002

Aging and decision‐making competence: an analysis of comprehension and consistency skills in older versus younger adults considering health‐plan options

Melissa L. Finucane; Paul Slovic; Judith H. Hibbard; Ellen Peters; C. K. Mertz; Donald G. MacGregor;