Mata,R.
von Helversen,B.
Rieskamp,J.

Decision makers often have to learn from experience. In these situations, people must use the available feedback to select the appropriate decision strategy. How does the ability to select decision strategies on the basis of experience change with age? We examined younger and older adults' strategy selection learning in a probabilistic inference task using a computational model of strategy selection learning. Older adults showed poorer decision performance compared with younger adults. In particular, older adults performed poorly in an environment favoring the use of a more cognitively demanding strategy. The results suggest that the impact of cognitive aging on strategy selection learning depends on the structure of the decision environment.

Mata, R., Helversen, B. v., & Rieskamp, J. (2010). Learning to choose: Cognitive aging and strategy selection learning in decision making. Psychology and Aging, 25, 299-309. doi:10.1037/a0018923 (Full text)

Publication year	2010
Document type:	Article
Publication status:	Published
External URL:	http://dx.doi.org/10.1037/a0018923 View
Categories:	InvestmentProbabilityEnvironment Structure
Keywords:	adaptivityagingdecision makinglearningstrategy selection