Journal article
The combined role of task, child's age and individual differences in understanding decision processes
Judgment and decision making, Vol.9(3), pp.274-286
05/01/2014
DOI: 10.1017/S1930297500005805
Abstract
It is important to understand the impact of individual differences in decision making from childhood to adulthood. This cohort-based study extends our knowledge by comparing decision making of children across the age range of 8 to 17 years and their parents. Based on prior research and theory focusing on different types of framing effects, we uncover several key differences across ages, including levels of risk taking and sensitivity to expected value differences between risky and riskless choices. Furthermore, we find that measures such as Numeracy and Surgency help explain both age-related and individual differences on our tasks, especially for decisions involving risk. We discuss the role of diverse task measures in understanding how individual difference factors affect different aspects of decision making, including the ability and effort to process numerical information and the ability to suppress affective reactions to stimulus labels.
Details
- Title: Subtitle
- The combined role of task, child's age and individual differences in understanding decision processes
- Creators
- Irwin P. Levin - University of IowaElaine A. Bossard - University of IowaGary J. Gaeth - Univ Iowa, Dept Mkt, Iowa City, IA 52242 USAHaoyang Yan - University of Iowa
- Resource Type
- Journal article
- Publication Details
- Judgment and decision making, Vol.9(3), pp.274-286
- DOI
- 10.1017/S1930297500005805
- ISSN
- 1930-2975
- eISSN
- 1930-2975
- Publisher
- Soc Judgment & Decision Making
- Number of pages
- 13
- Language
- English
- Date published
- 05/01/2014
- Academic Unit
- Marketing; Psychological and Brain Sciences
- Record Identifier
- 9984962891702771
Metrics
4 Record Views