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Modeling Age Differences in Risky Decision Making

Pollock, Joshua W.
http://rave.ohiolink.edu/etdc/view?acc_num=akron1404746282

Abstract Details

2014, Doctor of Philosophy, University of Akron, Psychology-Adult Development and Aging.
The current study analyzed age and other potential predictors for risky decision making. Forty younger adults (19-25 years) and 40 older adults (63-86 years) made risk based decisions related to health, nutrition and finance. Variables hypothesized to influence risky decision making were measured and investigated as possible predictors across each of the domains and in total. Contrary to what was hypothesized, older adults did not make riskier decisions in any domain or in total. Hierarchical regression analyses showed that age did not account for significant variance in the risky decision making domains. Stepwise regression analyses revealed response time on the Tower of Hanoi as a predictor of risky financial decision making. Stepwise regression analyses also revealed Iowa Gambling Task scores, gender, extroversion, and errors on the Tower of Hanoi as predictors of nutritional risky decision making scores. They also revealed scores on the Iowa Gambling Task and average response time on the Tower of Hanoi to be predictors of overall risky decision making scores. Age was not a significant predictor of any of the domains of risky decision making, however moderated regression analyses revealed age-related influences on cognitive regulation components for risky financial decision making. It is hypothesized that aspects of cognitive dynamics (cognitive regulation and emotional regulation), along with age influences in the financial domain, are responsible for differences in risky decision making.
Philip Allen, Dr. (Advisor)
Kevin Kaut, Dr. (Committee Member)
Toni Bisconti, Dr. (Committee Member)
Jennifer Stanley, Dr. (Committee Member)
Jun Ye, Dr. (Committee Member)
159 p.
Aging; Gerontology; Psychology

Recommended Citations

Citations

  • Pollock, J. W. (2014). Modeling Age Differences in Risky Decision Making [Doctoral dissertation, University of Akron]. OhioLINK Electronic Theses and Dissertations Center. http://rave.ohiolink.edu/etdc/view?acc_num=akron1404746282

    APA Style (7th edition)

  • Pollock, Joshua. Modeling Age Differences in Risky Decision Making. 2014. University of Akron, Doctoral dissertation. OhioLINK Electronic Theses and Dissertations Center, http://rave.ohiolink.edu/etdc/view?acc_num=akron1404746282.

    MLA Style (8th edition)

  • Pollock, Joshua. "Modeling Age Differences in Risky Decision Making." Doctoral dissertation, University of Akron, 2014. http://rave.ohiolink.edu/etdc/view?acc_num=akron1404746282

    Chicago Manual of Style (17th edition)

akron1404746282
585
© 2014, all rights reserved.
This open access ETD is published by University of Akron and OhioLINK.