Monday, December 31, 2018

How the Young and Old Make Financial Decisions for Others

A new study by Singaporean researchers shows that when people are asked to make financial decisions for strangers, older adults tend to make the same financial choices they would make for themselves, while young adults tend to take more risks with others’ money.

The findings are published in the journal Psychology and Aging.

“Our results demonstrate that decision-makers of different age groups have different motivational goals,” said team leader Assistant Professor Yu Rongjun, from...


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