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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP10457 |
DP10457 Consistency in Simple vs. Complex Choices over the Life Cycle | |
Juan Carrillo; Isabelle Brocas | |
发表日期 | 2015-03-01 |
出版年 | 2015 |
语种 | 英语 |
摘要 | Employing a variant of GARP, we study consistency in aging by comparing the choices of younger adults (YA) and older adults (OA) in a 'simple', two-good and a `complex' three-good condition. We find that OA perform worse than YA in the complex condition but similar in the simple condition. Working memory scores correlate significantly with consistency levels. Finally, OA are more prone to use simple heuristics than YA, and this helps them behave consistently in the simple condition. Our findings suggest that the age-related deterioration of neural faculties responsible for working memory is an obstacle for consistent decision-making. |
主题 | Public Economics |
关键词 | Aging Complexity Laboratory experiments Revealed preferences |
URL | https://cepr.org/publications/dp10457 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/539289 |
推荐引用方式 GB/T 7714 | Juan Carrillo,Isabelle Brocas. DP10457 Consistency in Simple vs. Complex Choices over the Life Cycle. 2015. |
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