Age differences in emotional responses to monetary losses and gains (original) (raw)
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Psychology and aging, 2016
Maximizing is a decision strategy that seeks the very best option, which is more elaborate and potentially more regret inducing than choosing an option that is "good enough." In surveys with a large national sample, we find that older adults are less likely than younger adults to self-report maximizing, which is associated with their better experienced well-being reported 2 years later. This pattern holds after controlling for demographic characteristics and negative life events. Our findings suggest that older adults could possibly be opting for decision strategies that make them happier. We discuss implications for interventions that aim to improve decision making. (PsycINFO Database Record
Do the emotional benefits of optimism vary across older adulthood? A life-span perspective
Journal of personality, 2016
This study examined whether the emotional benefits of dispositional optimism for managing stressful encounters decrease across older adulthood. Such an effect might emerge because age-related declines in opportunities for overcoming stressors could reduce the effectiveness of optimism. This hypothesis was tested in a six-year longitudinal study of 171 community-dwelling older adults (age range = 64 to 90 years). Hierarchical linear models showed that dispositional optimism protected relatively young participants from exhibiting elevations in depressive symptoms over time, but that these benefits became increasingly reduced among their older counterparts. Moreover, the findings showed that an age-related association between optimism and depressive symptoms was observed particularly during periods of enhanced, as compared to reduced, stress. These results suggest that dispositional optimism protects emotional well-being during the early phases of older adulthood, but that its effects ...
Social Cognitive and Affective Neuroscience, 2011
Financial planning decisionss are fundamentally affective in nature; they are decisions related to money, longevity and quality of life. Over the next several decades people will be increasingly responsible for managing their own assets and investments, and they will be subject to the affective influences on active, personal decision-making. Many of these crucial decisions are made and revised across the lifespan, including when to buy or sell a home, how to save for childrens' education, how to manage healthcare costs, when to retire, how much to save for retirement and how to allocate retirement funds. As average life expectancy increases, many retirees will be faced with inadequate savings to live comfortably until the end of their lives. In the current article, we examine the problems of and potential solutions to inadequate financial planning through the lens of affective science, with an emphasis on how brain-based changes in affective processing with age might contribute to the challenge of financial planning.
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Contemporary perspectives on age differences in risk taking, informed by advances in developmental neuroscience, have emphasized the need to examine the ways in which emotional and cognitive factors interact to influence decision making. In the present study, a diverse sample of 901 individuals between the ages of 10 and 30 were administered a modified version of the Iowa Gambling Task, which is designed to measure affective decision making. Results indicate that approach behaviors (operationalized as the tendency to play increasingly from the advantageous decks over the course of the task) display an inverted U-shape relation to age, peaking in mid-to late adolescence. In contrast, avoidance behaviors (operationalized as the tendency to refrain from playing from the disadvantageous decks) increase linearly with age, with adults avoiding disadvantageous decks at higher rates than both preadolescents and adolescents. The finding that adolescents, compared to adults, are relatively more approach oriented in response to positive feedback and less avoidant in response to negative feedback is consistent with recent studies of brain development, as well as epidemiological data on various types of risky behavior, and may have important practical implications for the prevention of adolescent risk taking.
Fewer ups and downs: Daily stressors mediate age differences in negative affect
The Journals …, 2010
The current study examined age differences in daily stressors, positive events (uplifts), and their associations with emotional experience among healthy older women. Women (N = 101, 63–93 years old) reported their daily experiences across 1 week. Older age was related to fewer stressors and less frequent negative affect. However, the association between negative affect and age was no longer significant after accounting for the occurrence of daily stressors. Older age was not significantly related to positive affect, although positive uplifts were reported less frequently with age. Findings provide a contextual explanation for emotional experience in very late life, where reduced exposure to stressors partially explains age-related reductions in negative affect.
Despite the negative implications associated with increasing age for physical and cognitive health, emotional well-being appears to remain stable, if not improved, with age. This phenomenon is believed to be explained by age-related increases in motivation to regulate emotions and shifts in emotion regulation strategies to compensate for physical and cognitive declines. Yet, past studies have predominantly relied on self-report measures of dispositional strategy use that are particularly susceptible to retrospective biases, and where behavioral measures have been employed, use of regulation strategies has been limited to only one strategy at a time to modify emotional responses. Additionally, there has been limited prior research examining age differences in how emotion regulation strategies are flexibly adapted to shifts in salient contextual features (e.g., interpersonal context, type/intensity of emotion elicited) in daily life. As people often use multiple strategies to regulate...
Journal of Happiness Studies, 2001
Meta-analysis was used to synthesize findings from 125 studies on age differences in positive affect, negative affect, and affect balance. We found a small age-associated decline of positive affect and affect balance, and a small ageassociated increase of negative affect. In addition, a quadratic age trend emerged, showing stronger declines of positive affect and stronger increases of negative affect in older subjects. Looking at changes of specific emotions, we found an age-associated decline of those positive and negative feelings that are associated with high arousal (e.g., feeling excited or upset), and an age-associated increase of positive and negative low-arousal emotions (e.g., feeling relaxed or depressed). Furthermore, older adults from the former communist Eastern European countries showed the strongest ageassociated decline of positive affect and the strongest age-associated increase of negative affect. We conclude that age-associated losses in the oldest old and economic hardship make the optimization of subjective well-being increasingly difficult.
Psychology and aging, 2016
Across midlife and into old age, older adults often report lower levels of negative affect and similar if not higher levels of positive affect than relatively younger adults. Researchers have offered a simple explanation for this result: Age is related to reductions in stressors and increases in pleasurable activities that result in higher levels of well-being. The current study examines subjective reports of emotional experience assessed across 8 days in a large sample of adults (N = 2,022) ranging from 35 to 84 years old. By modeling age differences before and after adjusting for daily positive uplifts and negative stressors, this article assesses the extent to which daily events account for age differences in positive and negative affect reports. Consistent with previous research, the authors found that older age is related to lower mean levels and shorter duration of a negative emotional experience in a model only adjusting for gender, education, and ethnicity. After adjusting f...