Cautiousness in adulthood as a function of age and payoff structure

M. A. Okun, C. S. Elias

Research output: Contribution to journalArticle

14 Citations (Scopus)

Abstract

Eighteen young (mean age = 21.50; SD = 2.23) and 18 older (mean age = 68.17; SD = 3.13) adults participated in a vocabulary task involving varying degrees of risk with a payoff structure that varied either directly or inversely with risk. In contrast to prior research using constant payoff structures, the results did not indicate that older adults are more cautious than young adults. Further, for both age groups, risk-taking is a function of payoff structure. The data clearly question the generalization that the elderly are more cautious than young adults and suggest that risk, as a concept, should not be considered independently of payoff.

Original languageEnglish (US)
Pages (from-to)451-455
Number of pages5
JournalJournals of Gerontology
Volume32
Issue number4
StatePublished - 1977

Fingerprint

Young Adult
Vocabulary
Risk-Taking
Age Groups
Research

ASJC Scopus subject areas

  • Aging

Cite this

Cautiousness in adulthood as a function of age and payoff structure. / Okun, M. A.; Elias, C. S.

In: Journals of Gerontology, Vol. 32, No. 4, 1977, p. 451-455.

Research output: Contribution to journalArticle

Okun, MA & Elias, CS 1977, 'Cautiousness in adulthood as a function of age and payoff structure', Journals of Gerontology, vol. 32, no. 4, pp. 451-455.
Okun, M. A. ; Elias, C. S. / Cautiousness in adulthood as a function of age and payoff structure. In: Journals of Gerontology. 1977 ; Vol. 32, No. 4. pp. 451-455.
@article{ff42819f32a249309936e4030c6c307c,
title = "Cautiousness in adulthood as a function of age and payoff structure",
abstract = "Eighteen young (mean age = 21.50; SD = 2.23) and 18 older (mean age = 68.17; SD = 3.13) adults participated in a vocabulary task involving varying degrees of risk with a payoff structure that varied either directly or inversely with risk. In contrast to prior research using constant payoff structures, the results did not indicate that older adults are more cautious than young adults. Further, for both age groups, risk-taking is a function of payoff structure. The data clearly question the generalization that the elderly are more cautious than young adults and suggest that risk, as a concept, should not be considered independently of payoff.",
author = "Okun, {M. A.} and Elias, {C. S.}",
year = "1977",
language = "English (US)",
volume = "32",
pages = "451--455",
journal = "Journal of Gerontology: Social Sciences",
issn = "0022-1422",
publisher = "Gerontological Society of America",
number = "4",

}

TY - JOUR

T1 - Cautiousness in adulthood as a function of age and payoff structure

AU - Okun, M. A.

AU - Elias, C. S.

PY - 1977

Y1 - 1977

N2 - Eighteen young (mean age = 21.50; SD = 2.23) and 18 older (mean age = 68.17; SD = 3.13) adults participated in a vocabulary task involving varying degrees of risk with a payoff structure that varied either directly or inversely with risk. In contrast to prior research using constant payoff structures, the results did not indicate that older adults are more cautious than young adults. Further, for both age groups, risk-taking is a function of payoff structure. The data clearly question the generalization that the elderly are more cautious than young adults and suggest that risk, as a concept, should not be considered independently of payoff.

AB - Eighteen young (mean age = 21.50; SD = 2.23) and 18 older (mean age = 68.17; SD = 3.13) adults participated in a vocabulary task involving varying degrees of risk with a payoff structure that varied either directly or inversely with risk. In contrast to prior research using constant payoff structures, the results did not indicate that older adults are more cautious than young adults. Further, for both age groups, risk-taking is a function of payoff structure. The data clearly question the generalization that the elderly are more cautious than young adults and suggest that risk, as a concept, should not be considered independently of payoff.

UR - http://www.scopus.com/inward/record.url?scp=0017642592&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=0017642592&partnerID=8YFLogxK

M3 - Article

VL - 32

SP - 451

EP - 455

JO - Journal of Gerontology: Social Sciences

JF - Journal of Gerontology: Social Sciences

SN - 0022-1422

IS - 4

ER -