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2017
DOI: 10.3389/fpsyg.2017.02128
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Decision Making under Ambiguity and Objective Risk in Higher Age – A Review on Cognitive and Emotional Contributions

Abstract: The ability of decision making plays a highly relevant role in our survival, but is adversely affected during the process of aging. The present review aims to provide a better understanding of age-related differences in decision making and the role of cognitive and emotional factors in this context. We reviewed the literature about age-effects on decision-making performance, focusing on decision making under ambiguous and objective risk. In decisions under ambiguous risks, as measured by the Iowa Gambling Task… Show more

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Cited by 28 publications
(15 citation statements)
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References 111 publications
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“…That was to be expected as previous research indicates that decision making under risk is less affected by normal aging than decisions under ambiguity (Zamarian, Sinz, Bonatti, Gamboz, & Delazer, 2008). Elderly controls' decision-making performance was consistently associated with executive functions, which is in accordance with studies on aging and decision making (for a review see Liebherr et al, 2017), whereby the mean decision-making performance was highest with decision support (t1). In contrast, mAD patients seemed to benefit more from decision support.…”
Section: Discussionsupporting
confidence: 86%
See 1 more Smart Citation
“…That was to be expected as previous research indicates that decision making under risk is less affected by normal aging than decisions under ambiguity (Zamarian, Sinz, Bonatti, Gamboz, & Delazer, 2008). Elderly controls' decision-making performance was consistently associated with executive functions, which is in accordance with studies on aging and decision making (for a review see Liebherr et al, 2017), whereby the mean decision-making performance was highest with decision support (t1). In contrast, mAD patients seemed to benefit more from decision support.…”
Section: Discussionsupporting
confidence: 86%
“…G. Morris & Kopelman, 1986;Perry, Watson, & Hodges, 2000;Welsh, Butters, Hughes, Mohs, & Heyman, 1992), even in the early stages of the disease. Changes in executive functions and other cognitive skills such as cognitive flexibility, inhibition, and working memory appear to account not only for disease-related but also for general age-related reductions in the decisionmaking performance under objective risk conditions Liebherr, Schiebener, Averbeck, & Brand, 2017;.…”
Section: Decision Making Under Risk In Neurocognitive Diseasesmentioning
confidence: 99%
“…This is probably the most important limitation of our review, which prevented us from doing a metaanalysis, according to the PRISMA guidelines. Among these studies, there are several monetary models representing changes of perception with age, and their impact on decision-making is different from that of social or medical models [69]. Thus, our review reveals a variation in decision-making models according to what is taken into account: motivation or risk, and specificities related to the areas of daily life affected by these decisions (money, health, social) [53].…”
Section: Discussionmentioning
confidence: 97%
“…However, when decisions involve new situations, the arguments presented will be essential. However, given that sensitivity to loss prevention increases, and attractiveness of earnings decrease as we age, it is likely that the presentation of an earningbased motivation formula might not be as effective as the choice of the appropriate interlocutor [69].…”
Section: Discussionmentioning
confidence: 99%
“…Aging is associated with changes in multiple domains of cognitive functions, including inhibitory control. The ability to suppress an undesired action diminishes in the elderly especially in situations that involve uncertainty and conflicts (Liebherr, et al, 2017). Deficits in inhibitory control contribute to impaired daily function not only in individuals with mild cognitive impairment and dementia (O’Callaghan, et al, 2013) but also during healthy aging (Levin, et al, 2014; Lustig and Jantz, 2015).…”
Section: Introductionmentioning
confidence: 99%