FEATURE6 July 2020

The age effect on making decisions

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Behavioural economics Features Impact

Crawford Hollingworth looks at how people’s biases are affected by their age. 

We’re all familiar with the ever-growing evidence from behavioural science that we are highly prone to different cognitive biases that affect our thinking, judgement and decision-making – from optimism bias and present bias to framing and anchoring effects. But ...