Lecture 10- Adulthood Flashcards
define risk
1) possible outcomes are very reliable (high reward, low reward)
2) the perceived probability of loss
What decisions do older adults face?
1) medical treatment
2) Accept assistance
3) finance - fraud
What did the risk sensitivity theory state?
1) greater risk-taking in adulthood to gain access to resources and mating partners
2) social status- social pressure to take the risk
What is the difference between young adults and older adults on their goals?
1) Young adults focus on growth
2) older focus on maintenance and loss prevention
Why is there a difference between young adults and older adults in the financial domain?
1) YA risk-taking is rewarded
2) older risk-taking is punished
How does the social domain impact risk-taking for young adults and older adults?
threaten peer-relationships in YA and social contact for older adults
What is Balloon Analogue Risk Task?
1) PPTs pump virtual balloons and receive a small token for each pump
2) for every pump the balloon can explode (lose all winnings)
3) winnings can be kept
What did the Balloon Analogue Risk Task find?
1) Older individuals too fewer risks, less likely to pump the balloon, more uncertainty
What was the Iowa Gambling task?
1) turn over on card to win or lose something
2) cards differ in their win and loss amounts and their net
3) some offered higher rewards but even higher losses
What did the Iowa Gambling task find?
1) ppl initially chose bad cards
2) with experience they learn to prefer good cards