Increase in age leads to decreased risk taking while decision-making

As per a new research conducted at Yale it was found that with increase in age people make less risk taking decisions. As they age increases they are bowed towards the safer decisions rather than exciting ones. The study was conducted on 135 healthy participants ranging between the ages of 12 to 90. The study focused on how decision making functions change with the age. The researchers measured attitudes toward risk and ambiguity. They found older people make more safe choices. One of the leading researchers, Ifat Levy, assistant professor in comparative medicine and neurobiology at Yale explains the study, “This is an issue of pressing importance that has only received limited attention. It is often assumed that decision-makers at any age have both the right and ability to make their own choices that maximizes their welfare, but our data suggest that this one-size-fits-all approach may be wrong for models that target broad populations. It revealed the existence of important age-related patterns in decision-making”