Decision Making The Impact Of Aging

Author : Jonas Junk
Publisher : GRIN Verlag
Page : 69 pages
File Size : 49,6 Mb
Release : 2020-07-09
Category : Business & Economics
ISBN : 9783346204554

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Decision-Making. The impact of aging by Jonas Junk Pdf

Master's Thesis from the year 2019 in the subject Business economics - Miscellaneous, grade: 2.0, University of Münster, language: English, abstract: The world population gets older as life expectancy increases. The popula-tion of people over the age of 60 is expected to be over two billion in 2050 (cf. United Nations, 2017, pp. 13-14). Older adults (OA) still face decisions, which might be even more significant or complex than decisions of young-er adolescents. For example, the average age of C-suite members in Ameri-can firms is 54 (cf. Korn Ferry, 2007). On a more individual level, the pop-ulation aged 55 and higher has a significantly higher mean net worth than the younger population (cf. Bricker et al., 2017, p. 13). Especially, if one accounts for the fact that research has shown that declines in cognitive functioning are seen before the age of 50 (cf. Salthouse, 2004, p. 141), re-search on aging and decision making (DM) is of high importance. In recent years numerous papers on this topic were published. This thesis helps existing literature by creating a literature overview to summarize current findings. Because of the reasons above, this thesis concentrates on age-related differences between young and OA, but does not analyze re-search about DM in childhood. It adds to current literature by being the first work with an extensive overview of age-related changes in the respective analyzed biases with a short subsequent view on financial DM. The thesis deals with the research question, whether biases of DM literature differ between younger and OA. To answer this question, I examine differ-ences in typical DM biases. The chosen biases are the ones being investi-gated the most thoroughly in existing literature on aging and DM and wherever possible or necessary I will focus on DM in economic contexts. The remainder of this paper is organized as follows: section two gives a short overview about the foundations of DM. After examining age-related effects on processes, which underly DM, in chapter three, the fourth chapter deals with age-related differences in DM. Afterwards, I shine a light on potential implications resulting from respective age differences. Chapter six concludes.

Author : Thomas M. Hess,JoNell Strough,Corinna Löckenhoff
Publisher : Academic Press
Page : 432 pages
File Size : 43,5 Mb
Release : 2015-02-17
Category : Medical
ISBN : 9780124171558

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Aging and Decision Making by Thomas M. Hess,JoNell Strough,Corinna Löckenhoff Pdf

Decisions large and small play a fundamental role in shaping life course trajectories of health and well-being: decisions draw upon an individual's capacity for self-regulation and self-control, their ability to keep long-term goals in mind, and their willingness to place appropriate value on their future well-being. Aging and Decision Making addresses the specific cognitive and affective processes that account for age-related changes in decision making, targeting interventions to compensate for vulnerabilities and leverage strengths in the aging individual. This book focuses on four dominant approaches that characterize the current state of decision-making science and aging - neuroscience, behavioral mechanisms, competence models, and applied perspectives. Underscoring that choice is a ubiquitous component of everyday functioning, Aging and Decision Making examines the implications of how we invest our limited social, temporal, psychological, financial, and physical resources, and lays essential groundwork for the design of decision supportive interventions for adaptive aging that take into account individual capacities and context variables. Divided into four dominant approaches that characterize the current state of decision-making science and aging neuroscience Explores the impact of aging on the linkages between cortical structures/functions and the behavioral indices of decision-making Examines the themes associated with behavioral approaches that attempt integrations of methods, models, and theories of general decision-making with those derived from the study of aging Details the changes in underlying competencies in later life and the two prevailing themes that have emerged—one, the general individual differences perspective, and two, a more clinical focus

Author : National Academies of Sciences, Engineering, and Medicine,Health and Medicine Division,Board on Health Care Services,Committee on Family Caregiving for Older Adults
Publisher : National Academies Press
Page : 367 pages
File Size : 50,9 Mb
Release : 2016-11-08
Category : Medical
ISBN : 9780309448093

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Families Caring for an Aging America by National Academies of Sciences, Engineering, and Medicine,Health and Medicine Division,Board on Health Care Services,Committee on Family Caregiving for Older Adults Pdf

Family caregiving affects millions of Americans every day, in all walks of life. At least 17.7 million individuals in the United States are caregivers of an older adult with a health or functional limitation. The nation's family caregivers provide the lion's share of long-term care for our older adult population. They are also central to older adults' access to and receipt of health care and community-based social services. Yet the need to recognize and support caregivers is among the least appreciated challenges facing the aging U.S. population. Families Caring for an Aging America examines the prevalence and nature of family caregiving of older adults and the available evidence on the effectiveness of programs, supports, and other interventions designed to support family caregivers. This report also assesses and recommends policies to address the needs of family caregivers and to minimize the barriers that they encounter in trying to meet the needs of older adults.

Author : Alan Traviss Welford,James E. Birren
Publisher : Unknown
Page : 192 pages
File Size : 54,8 Mb
Release : 1980
Category : Social Science
ISBN : UVA:X000173462

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Decision Making and Age by Alan Traviss Welford,James E. Birren Pdf

Author : National Research Council,Division of Behavioral and Social Sciences and Education,Board on Behavioral, Cognitive, and Sensory Sciences,Committee on Aging Frontiers in Social Psychology, Personality, and Adult Developmental Psychology
Publisher : National Academies Press
Page : 280 pages
File Size : 43,9 Mb
Release : 2006-02-13
Category : Social Science
ISBN : 9780309164917

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When I'm 64 by National Research Council,Division of Behavioral and Social Sciences and Education,Board on Behavioral, Cognitive, and Sensory Sciences,Committee on Aging Frontiers in Social Psychology, Personality, and Adult Developmental Psychology Pdf

By 2030 there will be about 70 million people in the United States who are older than 64. Approximately 26 percent of these will be racial and ethnic minorities. Overall, the older population will be more diverse and better educated than their earlier cohorts. The range of late-life outcomes is very dramatic with old age being a significantly different experience for financially secure and well-educated people than for poor and uneducated people. The early mission of behavioral science research focused on identifying problems of older adults, such as isolation, caregiving, and dementia. Today, the field of gerontology is more interdisciplinary. When I'm 64 examines how individual and social behavior play a role in understanding diverse outcomes in old age. It also explores the implications of an aging workforce on the economy. The book recommends that the National Institute on Aging focus its research support in social, personality, and life-span psychology in four areas: motivation and behavioral change; socioemotional influences on decision-making; the influence of social engagement on cognition; and the effects of stereotypes on self and others. When I'm 64 is a useful resource for policymakers, researchers and medical professionals.

Author : Sara Honn Qualls,Michael A. Smyer
Publisher : John Wiley & Sons
Page : 369 pages
File Size : 42,8 Mb
Release : 2008-02-13
Category : Psychology
ISBN : 047022827X

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Changes in Decision-Making Capacity in Older Adults by Sara Honn Qualls,Michael A. Smyer Pdf

Part of the Wiley Series in Clinical Geropsychology, Changes in Decision-Making Capacity in Older Adults: Assessment and Intervention helps to familiarize you with the legal and social contexts for decision making in potentially impaired individuals. Editors Sara Qualls and Michael Smyer have brought together a notable team of international contributors to provide you with a unique framework of the legal, social, and psychological approaches to assessing the ability of older adults to make decisions.

Author : Institute of Medicine,Board on Health Sciences Policy,Committee on the Public Health Dimensions of Cognitive Aging
Publisher : National Academies Press
Page : 330 pages
File Size : 49,9 Mb
Release : 2015-07-21
Category : Medical
ISBN : 9780309368650

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Cognitive Aging by Institute of Medicine,Board on Health Sciences Policy,Committee on the Public Health Dimensions of Cognitive Aging Pdf

For most Americans, staying "mentally sharp" as they age is a very high priority. Declines in memory and decision-making abilities may trigger fears of Alzheimer's disease or other neurodegenerative diseases. However, cognitive aging is a natural process that can have both positive and negative effects on cognitive function in older adults - effects that vary widely among individuals. At this point in time, when the older population is rapidly growing in the United States and across the globe, it is important to examine what is known about cognitive aging and to identify and promote actions that individuals, organizations, communities, and society can take to help older adults maintain and improve their cognitive health. Cognitive Aging assesses the public health dimensions of cognitive aging with an emphasis on definitions and terminology, epidemiology and surveillance, prevention and intervention, education of health professionals, and public awareness and education. This report makes specific recommendations for individuals to reduce the risks of cognitive decline with aging. Aging is inevitable, but there are actions that can be taken by individuals, families, communities, and society that may help to prevent or ameliorate the impact of aging on the brain, understand more about its impact, and help older adults live more fully and independent lives. Cognitive aging is not just an individual or a family or a health care system challenge. It is an issue that affects the fabric of society and requires actions by many and varied stakeholders. Cognitive Aging offers clear steps that individuals, families, communities, health care providers and systems, financial organizations, community groups, public health agencies, and others can take to promote cognitive health and to help older adults live fuller and more independent lives. Ultimately, this report calls for a societal commitment to cognitive aging as a public health issue that requires prompt action across many sectors.

Author : Olivia S. Mitchell,P. Brett Hammond,Stephen Peter Utkus
Publisher : Oxford University Press
Page : 249 pages
File Size : 45,6 Mb
Release : 2017
Category : Business & Economics
ISBN : 9780198808039

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Financial Decision Making and Retirement Security in an Aging World by Olivia S. Mitchell,P. Brett Hammond,Stephen Peter Utkus Pdf

As the world's population lives longer, it will become increasingly important for plan sponsors, retirement advisors, regulators, and financial firms to focus closely on how older persons fare in the face of rising difficulties with cognition and financial management. This book offers state-of-the-art research and recommendations on how to evaluate when older persons need financial advice, help them make better financial decisions, and to identify policy options for handling these individual and social challenges efficiently and fairly. This latest volume in the Pension Research Council series, draws lessons from theory and practice, and will be of interest to employees and retirees, consumers and researchers, and financial institutions working to design better retirement plan offerings.

Author : Aimee Drolet,Carolyn Yoon
Publisher : Routledge
Page : 260 pages
File Size : 40,5 Mb
Release : 2020-10-01
Category : Psychology
ISBN : 9781000202755

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The Aging Consumer by Aimee Drolet,Carolyn Yoon Pdf

The Aging Consumer: Perspectives from Psychology and Marketing, 2nd edition takes stock of what is known around age and consumer behavior, identifies gaps and open questions within the research, and outlines an agenda for future research. There has been little systematic research done with respect to the most basic questions related to age and consumer behavior, such as whether older adults versus young and middle-age adults respond to marketing activities including pricing, promotions, product design, and distribution. Written by experts, The Aging Consumer compiles research on a broad range of topics on consumer marketing, from an individual to a societal level of analysis. This second edition provides new versions of chapters contained in the 2010 volume that have been updated to reflect the latest psychological and marketing research and thinking. Included also are ten new chapters which cover exciting new ground, such as changes in metacognition in older adults, motivated cognition of the aging consumer, and a global perspective on aging and the economy across cultures. This updated volume is beneficial for researchers and practitioners in marketing, consumer behavior, and advertising. Additionally, The Aging Consumer, 2nd edition will appeal to professionals in other fields such as psychology, decision sciences, gerontology and gerontological social work, and those who are concerned with normal human aging and its implications for the everyday behavior of older individuals. It will also be of interest to those in fields concerned with the societal implications of an aging population, such as economics, policy, and law.

Author : Institute of Medicine,Food and Nutrition Board,Food Forum
Publisher : National Academies Press
Page : 192 pages
File Size : 46,5 Mb
Release : 2010-11-29
Category : Medical
ISBN : 9780309158831

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Providing Healthy and Safe Foods As We Age by Institute of Medicine,Food and Nutrition Board,Food Forum Pdf

Does a longer life mean a healthier life? The number of adults over 65 in the United States is growing, but many may not be aware that they are at greater risk from foodborne diseases and their nutritional needs change as they age. The IOM's Food Forum held a workshop October 29-30, 2009, to discuss food safety and nutrition concerns for older adults.

Author : Paul Verhaeghen,Christopher Hertzog
Publisher : Oxford University Press
Page : 480 pages
File Size : 47,9 Mb
Release : 2014-03-20
Category : Psychology
ISBN : 9780199899470

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The Oxford Handbook of Emotion, Social Cognition, and Problem Solving in Adulthood by Paul Verhaeghen,Christopher Hertzog Pdf

Over the last decade, the field of socio-emotional development and aging has rapidly expanded, with many new theories and empirical findings emerging. This trend is consistent with the broader movement in psychology to consider social, motivational, and emotional influences on cognition and behavior. The Oxford Handbook of Emotion, Social Cognition, and Problem Solving in Adulthood provides the first overview of a new field of adult development that has emerged out of conceptualizations and research at the intersections between socioemotional development, social cognition, emotion, coping, and everyday problem solving. This field roundly rejects a universal deficit model of aging, highlighting instead the dynamic nature of socio-emotional development and the differentiation of individual trajectories of development as a function of variation in contextual and experiential influences. It emphasizes the need for a cross-level examination (from biology and neuroscience to cognitive and social psychology) of the determinants of emotional and socio-emotional behavior. This volume also serves as a tribute to the late Fredda Blanchard-Fields, whose thinking and empirical research contributed extensively to a life-span developmental view of emotion, problem solving, and social cognition. Its chapters cover multiple aspects of adulthood and aging, presenting developmental perspectives on emotion; antecedents and consequences of emotion in context; everyday problem solving; social cognition; goals and goal-related behaviors; and wisdom. The landmark volume in this new field, The Oxford Handbook of Emotion, Social Cognition, and Problem Solving in Adulthood is an important resource for cognitive, developmental, and social psychologists, as well as researchers and graduate students in the field of aging, emotion studies, and social psychology.

Author : David Guttmann
Publisher : Unknown
Page : 392 pages
File Size : 40,7 Mb
Release : 1977
Category : Aging
ISBN : UOM:39015072120911

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The Impact of Needs, Knowledge, Ability and Living Arrangements on Decision Making of the Elderly by David Guttmann Pdf

Author : David A. Wise
Publisher : University of Chicago Press
Page : 428 pages
File Size : 49,6 Mb
Release : 2009-05-15
Category : Political Science
ISBN : 9780226903224

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The Economics of Aging by David A. Wise Pdf

The Economics of Aging presents results from an ongoing National Bureau of Economic Research project. Contributors consider the housing mobility and living arrangements of the elderly, their labor force participation and retirement, the economics of their health care, and their financial status. The goal of the research is to further our understanding both of the factors that determine the well-being of the elderly and of the consequences that follow from an increasingly older population with longer individual life spans. Each paper is accompanied by critical commentary.

Author : Liat Ayalon,Clemens Tesch-Römer
Publisher : Springer
Page : 564 pages
File Size : 45,9 Mb
Release : 2018-05-22
Category : Social Science
ISBN : 9783319738208

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Contemporary Perspectives on Ageism by Liat Ayalon,Clemens Tesch-Römer Pdf

This open access book provides a comprehensive perspective on the concept of ageism, its origins, the manifestation and consequences of ageism, as well as ways to respond to and research ageism. The book represents a collaborative effort of researchers from over 20 countries and a variety of disciplines, including, psychology, sociology, gerontology, geriatrics, pharmacology, law, geography, design, engineering, policy and media studies. The contributors have collaborated to produce a truly stimulating and educating book on ageism which brings a clear overview of the state of the art in the field. The book serves as a catalyst to generate research, policy and public interest in the field of ageism and to reconstruct the image of old age and will be of interest to researchers and students in gerontology and geriatrics.

Author : Klaus Warner Schaie,Jon Hendricks
Publisher : Springer Publishing Company
Page : 376 pages
File Size : 49,6 Mb
Release : 2000
Category : Medical
ISBN : STANFORD:36105110225302

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The Evolution of the Aging Self by Klaus Warner Schaie,Jon Hendricks Pdf

The authors examine age-related changes and their impact upon the concept of self - sense of well-being, life satisfaction, perceived quality of life. Each chapter is followed by two expert commentaries. For teachers, researchers and graduates interested in the sociology and psychology of ageing.