Summary: New research challenges stereotypes about older adults, revealing that they are more willing to take risks than younger individuals and are equally adept at resisting manipulation. Using gambling tasks,…
Tag: decision making
How Memories Shape Decisions and Future Well-Being
Summary: A new framework integrates psychology and economics to show how memorable experiences influence long-term decision-making. Their model separates the immediate utility of consumption from the lasting “remembered utility” derived…
How Decision-Making Improves with Age
Summary: Adolescents are known for making less optimal, noisy decisions, but a recent study reveals that these tendencies decrease with age and are linked to improvements in complex decision-making skills.…
Brain Struggle with Conflicting Information in Schizophrenia
Summary: Researchers have developed a potential diagnostic tool for schizophrenia by observing how patients process conflicting information. By analyzing neural activity between the cortex and thalamus, they found distinct patterns…
Unexpected Sounds Boost Dopamine, Leading to Riskier Decisions
Summary: A new study shows that unexpected sounds can cause dopamine bursts in the brain, which may lead to riskier decision-making. Researchers found that participants were 4% more likely to…
“Sleeping on It” Helps With Rational Decision Making
Summary: A new study reveals that while snap judgments heavily influence decisions made immediately, “sleeping on it” helps people make more rational choices. Researchers found that participants who made instant…
Biden and Trump may forget names or personal details, but here is what really matters in assessing whether they’re cognitively up for the job
Some Americans are questioning whether elderly people like Joe Biden and Donald Trump are cognitively competent to be president amid reports of the candidates mixing up names while speaking and…
Psychology of Stock Choices: High Risk or Steady Gains?
Summary: Researchers conducted a study exploring why investors are drawn to high-risk IPO shares despite their generally low returns, comparing this allure to the steady yet modest returns of investments…
Emotion vs. Reason: Rethinking Decision-Making
Summary: Researchers challenge the notion that rational thinking is the only path to good decision-making. Highlighting the limited role of rationality in our choices, the researchers emphasize the profound influence…
