Besedeš, Tibor; Deck, Cary A.; Sarangi, Sudipta - 2010
, available options can be objectively ranked allowing us to examine optimal decision making. First, the probability of a person … subjects. Second, heuristics differ by age with older subjects relying more on suboptimal decision rules. In a heuristics … validation experiment, older subjects make worse decisions than younger subjects. -- Experiments ; decision making ; optimal …