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Decision Making, Expectations and Cognitive Ageing

CEPAR

Stream Leaders: Kaarin Anstey and Michael Keane

Stream Coordinators: Yvonne Leung

Exploring the relationship between cognition, education, decision making and age; the role of social expectations in this relationship; and how individuals make key life course decisions against a backdrop of ever-greater uncertainty, this research brings together the disparate areas of behavioural economics, neuroscience, and developmental and health psychology, to unify our understanding of life course choices and to transform policy perspectives.

The research examines the correlates and characteristics of individuals’ decision making over the life course, emphasising the impact of age and cognition on decision making and consumer choice; and revealed how decision making is shaped by age-related changes in cognition, affect, values and goals as well as expectations about ageing. The research deliveres a unifying model of life-cycle, or life course, decision making, which explicitly recognises limits to rational choice.

Projects:

  • Individual Differences in Financial and Health Decision Making: Impacts on Productive Ageing
    Project Leader: Kaarin Anstey
  • Identifying Individual and Social Influences on Decision Making at Older Ages
    Project Leader: Kaarin Anstey
  • Expectations and the Ageing Experience
    Project Leader: Kaarin Anstey
  • Rational Choice Theory and Consumers
    Project Leader: Michael Keane

For more information on individual projects and resesarch outcomes, please see the CEPAR Annual Reports