Age differences in risky decision making: the effects of priming, personality, & working memory

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dc.contributor Gilpin, Ansley T.
dc.contributor McCallum, Debra M.
dc.contributor.advisor Black, Sheila R. Wood, Meagan Michelle 2017-03-01T17:10:14Z 2017-03-01T17:10:14Z 2014
dc.identifier.other u0015_0000001_0001670
dc.identifier.other Wood_alatus_0004M_12003
dc.description Electronic Thesis or Dissertation
dc.description.abstract In the current study, we examined the effects of priming and personality on risky decision making while playing the Game of Dice Task (GDT). Participants were randomly assigned to one of three priming conditions: Risk Aversive, Risk-Seeking, or Control. In the Risk Seeking condition, a fictional character benefited from risky behavior while in the Risk Aversive condition, a fictional character benefited from exercising caution. In the GDT, participants decide how risky they wish to be on each trial. To optimize performance, one should make "safe" rather than risky choices. Although older adults self-reported being more cautious than younger adults, older adults made riskier decisions than younger adults on the GDT. However, there were no longer significant age differences on the GDT after controlling for working memory. More than likely, the aforementioned age differences were due to age-related changes in effective strategy usage, rather than age-related changes in the propensity to take risks. In addition, for young adults, certain personality traits significantly predicted risky decision making on the GDT. The findings from this study have implications for older adults' decision making in everyday situations. Older adults may make risky decisions and thereby jeopardize their financial and other resources, not because they intentionally want "to roll the dice," but because of an inability to strategize and fully comprehend the consequences of their decisions.
dc.format.extent 79 p.
dc.format.medium electronic
dc.format.mimetype application/pdf
dc.language English
dc.language.iso en_US
dc.publisher University of Alabama Libraries
dc.relation.ispartof The University of Alabama Electronic Theses and Dissertations
dc.relation.ispartof The University of Alabama Libraries Digital Collections
dc.relation.hasversion born digital
dc.rights All rights reserved by the author unless otherwise indicated.
dc.subject.other Cognitive psychology
dc.subject.other Experimental psychology
dc.subject.other Gerontology
dc.title Age differences in risky decision making: the effects of priming, personality, & working memory
dc.type thesis
dc.type text University of Alabama. Dept. of Psychology Psychology The University of Alabama master's M.S.

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