ArticlePsychology and aging2013
Complementary cognitive capabilities, economic decision making, and aging.
Article in Psychology and aging, 2013. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 55 papers, 2 of them syntheses that pooled it.
What it found
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The abstract states no effect estimate the extractor could read, or names no intervention and outcome on the map, so this paper lights no cell and moves no belief. It is still indexed, cited and linked below.
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Trials whose registry record cites this paper, or whose number appears in the abstract. A trial that started after this paper was published is citing it as background, not reporting it.
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Who cites it
55 citing papers in PubMed, 2 syntheses or guidelines pooled it.
- Temporal discounting across adulthood: A systematic review and meta-analysis.Psychology and aging · 2022Pooled it
- The psychology of the internet fraud victimization of older adults: A systematic review.Frontiers in psychology · 2022Pooled it
- The Importance of Studying the Cognitive Neuroscience of Aging Across Cultures.Annals of the New York Academy of Sciences · 2026Review
- Multilevel risk factors for financial fraud in later life: evidence from China.Innovation in aging · 2026Article
- Everyday decision-making in later life: the role of cognitive reserve and cognitive functions.Frontiers in psychology · 2026Article
- Healthy aging in rats is associated with a decline in the ability to inhibit maladaptive responses, but not in measures of self-control by delayed gratification.Frontiers in aging neuroscience · 2025Article
- Diminished Returns of Educational Attainment on Numeracy Score of Latino Populations: Insights from UAS Data.Open journal of neuroscience · 2024Article
- Collaborative learning of new information in older age: a systematic review.Royal Society open science · 2023Article
- Effects of Brain Maintenance and Cognitive Reserve on Age-Related Decline in Three Cognitive Abilities.The journals of gerontology. Series B, Psychological sciences and social sciences · 2023Article
- The connectome-based prediction of trust propensity in older adults: A resting-state functional magnetic resonance imaging study.Human brain mapping · 2023Article
- Decoding information about cognitive health from the brainwaves of sleep.Scientific reports · 2023Article
- Understanding financial literacy and associated factors among adult population in a low-middle income country.Heliyon · 2022Article
- Article
- Effects of Lifestyle Factors on Cognition in Minority Population of Older Adults: A Review.Frontiers in nutrition · 2022Review
- Cognitive heterogeneity and complex belief elicitation.Experimental economics · 2022Article
- Evidence that ageing yields improvements as well as declines across attention and executive functions.Nature human behaviour · 2022Article
- Age differences in option choice: Is the option framing effect observed among older adults?Frontiers in psychology · 2022Article
- Age-related differences in strategic competition.Scientific reports · 2021Article
- The Appraisal Approach to Aging and Emotion: An Integrative Theoretical Framework.Developmental review : DR · 2021Article
- Age Influences Loss Aversion Through Effects on Posterior Cingulate Cortical Thickness.Frontiers in neuroscience · 2021Article
Corrections and comments
PubMed lists nothing against this paper. Absence here is not a guarantee, only a check that was made.
Authors and funding
4 authors.
Funding
Abstract
Fluid intelligence decreases with age, yet evidence about age declines in decision-making quality is mixed: Depending on the study, older adults make worse, equally good, or even better decisions than younger adults. We propose a potential explanation for this puzzle, namely that age differences in decision performance result from the interplay between two sets of cognitive capabilities that impact decision making, one in which older adults fare worse (i.e., fluid intelligence) and one in which they fare better (i.e., crystallized intelligence). Specifically, we hypothesized that older adults' higher levels of crystallized intelligence can provide an alternate pathway to good decisions when the fluid intelligence pathway declines. The performance of older adults relative to younger adults therefore depends on the relative importance of each type of intelligence for the decision at hand. We tested this complementary capabilities hypothesis in a broad sample of younger and older adults, collecting a battery of standard cognitive measures and measures of economically important decision-making "traits"--including temporal discounting, loss aversion, financial literacy, and debt literacy. We found that older participants performed as well as or better than younger participants on these four decision-making measures. Structural equation modeling verified our hypothesis: Older participants' greater crystallized intelligence offset their lower levels of fluid intelligence for temporal discounting, financial literacy, and debt literacy, but not for loss aversion. These results have important implications for public policy and for the design of effective decision environments for older adults.
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Registered trials
Read under generation 80e0d062 · epoch 390. Bibliography from PubMed, PubMed Central and OpenAlex; grants from NIH RePORTER; trial links from ClinicalTrials.gov; estimates, votes and beliefs from the OpenQuestion graph.