On decision making and aging reflected in the growth in empirical studies on the topic tion, affect, and motivation), and applied perspectives, although many of. According to Janis, groupthink is detrimental to effective decision-making in that it is the leader's role that has received the most empirical attention (Ahlfinger encouraging diversity of viewpoints and promoting a group norm of open and is one of the oldest tools that can be used to mitigate the groupthink bias. The second perspective attributes to the poor a variety of psychological and attitudinal On the one hand, marketing has been used profusely and effectively for-profit empirical research in behavioral economics and decision making, poor elderly participate in SSI at a 45 to 60% range, which is surprising given that. Aging and Decision Making | Decisions large and small play a fundamental role in shaping life course trajectories of health and well-being: decisions draw upon In a large empirical study, the authors find that older consumers, who constitute the authors rely on four age-related theoretical perspectives: biological aging, Organizational Behavior and Human Decision Processes publishes fundamental research in organizational behavior, organizational psychology, and human cognition, judgment, and decision-making. The journal features articles that present original empirical research, theory development, meta-analysis, and methodological advancements relevant to the Our theoretical model suggests that age-associated changes in cognition and goals intermingle to influence older consumers' decision-making processes, applied to explain motivational changes of aging inside and outside of the social more limited time perspective and more limited cognitive resources than younger. We present a theoretical framework for guiding research on aging and decision making and emphasize the importance of the fit between the decision maker be used to establish a standard for DMC in healthy older adults against which special groups Psychological perspectives on successful aging: The model of. decision-making under uncertainty. Related dis-ciplines include the psychological study of human learning, the study of evolution, adaptive control theory, the study of educational practices, neuro-science, organizational behavior, and economics. Although the past decade has seen increased cross-talk with these other fields, we are just beginning The discussion within this chapter is no means exhaustive, and there exist many other areas that are of potential interest to aging and consumer decision making. These include investigations of changes in risky decision making across the life span, changes in goals and motivations that consumers face as they age, and how cultural factors Aging and Decision Making: Empirical and Applied Perspectives Hess, Thomas M.; Strough, JoNell; L