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date: 06 May 2021

Abstract and Keywords

Research on age differences in judgment and decision making (JDM) processes are explored from a social-cognitive/contextual perspective, with a focus on the impact of declining cognitive resources, increased experience, and adaptive/compensatory processes. This review of JDM processes illustrates the complex interplay between multiple factors in determining age differences in performance. It further suggests that a simplistic perspective (e.g., one focusing solely on the impact of reduced cognitive resources) on understanding the impact of aging provides an incomplete understanding of the positive impact of experience and compensatory processes on promoting continued levels of adaptive functioning in everyday life.

Keywords: aging, decision making, social cognition, judgments

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