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Older adults process the probability of winning sooner but weigh it less during lottery decisions

Chen, Hsiang-Yu; Lombardi, Gaia; Li, Shu-Chen; Hare, Todd A (2022). Older adults process the probability of winning sooner but weigh it less during lottery decisions. Scientific Reports, 12:11381.

Abstract

Empirical evidence has shown that visually enhancing the saliency of reward probabilities can ease the cognitive demands of value comparisons and improve value-based decisions in old age. In the present study, we used a time-varying drift diffusion model that includes starting time parameters to better understand (1) how increasing the saliency of reward probabilities may affect the dynamics of value-based decision-making and (2) how these effects may interact with age. We examined choices made by younger and older adults in a mixed lottery choice task. On a subset of trials, we used a color-coding scheme to highlight the saliency of reward probabilities, which served as a decision-aid. The results showed that, in control trials, older adults started to consider probability relative to magnitude information sooner than younger adults, but that their evidence accumulation processes were less sensitive to reward probabilities than that of younger adults. This may indicate a noisier and more stochastic information accumulation process during value-based decisions in old age. The decision-aid increased the influence of probability information on evidence accumulation rates in both age groups, but did not alter the relative timing of accumulation for probability versus magnitude in either group.

Additional indexing

Item Type:Journal Article, refereed, original work
Communities & Collections:03 Faculty of Economics > Department of Economics
Dewey Decimal Classification:330 Economics
Scopus Subject Areas:Health Sciences > Multidisciplinary
Uncontrolled Keywords:Multidisciplinary
Scope:Discipline-based scholarship (basic research)
Language:English
Date:1 July 2022
Deposited On:16 Aug 2022 14:07
Last Modified:27 Dec 2024 02:41
Publisher:Nature Publishing Group
ISSN:2045-2322
OA Status:Gold
Free access at:Publisher DOI. An embargo period may apply.
Publisher DOI:https://doi.org/10.1038/s41598-022-15432-y
Other Identification Number:merlin-id:22614
Project Information:
  • Funder: Technische Universität Dresden
  • Grant ID:
  • Project Title:
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  • Language: English
  • Licence: Creative Commons: Attribution 4.0 International (CC BY 4.0)

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