Development and aging of decision-making rationality under risk framework

<p><strong>Background</strong> Humans often display irrational choice and decision-making due to the frame effect. However, it is unclear whether this irrational choice and decision-making will increase during the aging process. <strong>Methods</strong> The present rese...

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Main Authors: Han-hui LIU, Yan-yan AN, Hui-min LI, Zhen WEI, Xing-ting ZHU, Hui-jie LI
Format: Article
Language:English
Published: Tianjin Huanhu Hospital 2014-03-01
Series:Chinese Journal of Contemporary Neurology and Neurosurgery
Subjects:
Online Access:http://www.cjcnn.org/index.php/cjcnn/article/view/910
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spelling doaj-dc13ef19045d4882823bcabb3500d4e82020-11-25T00:48:55ZengTianjin Huanhu HospitalChinese Journal of Contemporary Neurology and Neurosurgery1672-67312014-03-01143186191909Development and aging of decision-making rationality under risk frameworkHan-hui LIU0Yan-yan AN1Hui-min LI2Zhen WEI3Xing-ting ZHU4Hui-jie LI5Department of Youth Work, Chinese Youth University for Political Sciences, Beijing 100089, ChinaDepartment of Youth Work, Chinese Youth University for Political Sciences, Beijing 100089, ChinaDepartment of Youth Work, Chinese Youth University for Political Sciences, Beijing 100089, ChinaConsulting Center in Psychological Health, Zhengzhou Vocational College of Economics and Trade, Zhengzhou 450000, He'nan, ChinaKey Laboratory of Behavioral Science, Institute of Psychology, Chinese Academy of Sciences, Beijing 100101, ChinaKey Laboratory of Behavioral Science, Institute of Psychology, Chinese Academy of Sciences, Beijing 100101, China<p><strong>Background</strong> Humans often display irrational choice and decision-making due to the frame effect. However, it is unclear whether this irrational choice and decision-making will increase during the aging process. <strong>Methods</strong> The present research explored development and aging of risky-seeking and rational decision-making with 232 younger adults and 120 older adults. The experiment was a 2 (Age:younger adult and old adult) × 2 (Frame: positive and negative) × 2 (Relevance: lower level and higher level), with the risky probability as a control variable and the decision-making scores as dependent variables. <strong>Results</strong> The results revealed that older adults demonstrated much more irrational decision-making (framing effect). In the detail, the risky decision-making score of the older adults in the positive framing was 5.13 ± 2.12, and 6.55 ± 1.05 in the negative framing [F (1, 118) = 21.470, P = 0.000; η2 = 0.156], while the risky decision-making score of the younger adults in the positive framing was 3.18 ± 2.49, and 5.00 ± 2.41 in the negative framing [F (1, 230) = 31.260, P = 0.000; η 2 = 0.121]. Meanwhile, the older adults showed risk seeking for the life-death scenario [F (1, 350) = 4.820, P = 0.029]. <strong>Conclusions</strong> These results suggested that the hypofunction in orbital and medial prefrontal cortex and amygdale in older adults might be the underlying mechanisms. Furthermore, the susceptibility to expected value (EV) of the older adults might decrease although their scores in risky probability understanding were not significantly different from the younger adults.</p><p> </p><p>doi: 10.3969/j.issn.1672-6731.2014.03.008</p>http://www.cjcnn.org/index.php/cjcnn/article/view/910Risk adjustmentDecision makingAging
collection DOAJ
language English
format Article
sources DOAJ
author Han-hui LIU
Yan-yan AN
Hui-min LI
Zhen WEI
Xing-ting ZHU
Hui-jie LI
spellingShingle Han-hui LIU
Yan-yan AN
Hui-min LI
Zhen WEI
Xing-ting ZHU
Hui-jie LI
Development and aging of decision-making rationality under risk framework
Chinese Journal of Contemporary Neurology and Neurosurgery
Risk adjustment
Decision making
Aging
author_facet Han-hui LIU
Yan-yan AN
Hui-min LI
Zhen WEI
Xing-ting ZHU
Hui-jie LI
author_sort Han-hui LIU
title Development and aging of decision-making rationality under risk framework
title_short Development and aging of decision-making rationality under risk framework
title_full Development and aging of decision-making rationality under risk framework
title_fullStr Development and aging of decision-making rationality under risk framework
title_full_unstemmed Development and aging of decision-making rationality under risk framework
title_sort development and aging of decision-making rationality under risk framework
publisher Tianjin Huanhu Hospital
series Chinese Journal of Contemporary Neurology and Neurosurgery
issn 1672-6731
publishDate 2014-03-01
description <p><strong>Background</strong> Humans often display irrational choice and decision-making due to the frame effect. However, it is unclear whether this irrational choice and decision-making will increase during the aging process. <strong>Methods</strong> The present research explored development and aging of risky-seeking and rational decision-making with 232 younger adults and 120 older adults. The experiment was a 2 (Age:younger adult and old adult) × 2 (Frame: positive and negative) × 2 (Relevance: lower level and higher level), with the risky probability as a control variable and the decision-making scores as dependent variables. <strong>Results</strong> The results revealed that older adults demonstrated much more irrational decision-making (framing effect). In the detail, the risky decision-making score of the older adults in the positive framing was 5.13 ± 2.12, and 6.55 ± 1.05 in the negative framing [F (1, 118) = 21.470, P = 0.000; η2 = 0.156], while the risky decision-making score of the younger adults in the positive framing was 3.18 ± 2.49, and 5.00 ± 2.41 in the negative framing [F (1, 230) = 31.260, P = 0.000; η 2 = 0.121]. Meanwhile, the older adults showed risk seeking for the life-death scenario [F (1, 350) = 4.820, P = 0.029]. <strong>Conclusions</strong> These results suggested that the hypofunction in orbital and medial prefrontal cortex and amygdale in older adults might be the underlying mechanisms. Furthermore, the susceptibility to expected value (EV) of the older adults might decrease although their scores in risky probability understanding were not significantly different from the younger adults.</p><p> </p><p>doi: 10.3969/j.issn.1672-6731.2014.03.008</p>
topic Risk adjustment
Decision making
Aging
url http://www.cjcnn.org/index.php/cjcnn/article/view/910
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