Psychology Commons^™

Discounting Of Delayed And Probabilistic Outcomes Across The Adult Lifespan, Haoran Wan

Arts & Sciences Electronic Theses and Dissertations

Intertemporal and risky decision-making predicts many problem behaviors that also decline with age, raising the question: Do intertemporal and risky decisions change with age? Despite the theoretical and empirical importance, the literature under both rubrics reveals inconsistent findings. Some studies suggest that these inconsistencies may be due to the presence of unassessed demographic differences. The present study examined age differences, evaluating the role of demographic variables in intertemporal and risky choice of gains and losses using the discounting framework. Four experiments were conducted, each with one of the four types of discounting: discounting of delayed gains, discounting of delayed losses, …