Table 7.
Decision-making task | Bivariate correlation with age |
Indirect effect | Relation with age after controlling for mediators/predictors |
---|---|---|---|
Resistance to Framing | Negative (r = −.11, p < .01, n = 568) |
Working memory mediation (−.26) |
Positive (.146) |
Applying Decision Rules | Negative (r = −.36, p < .001, n = 564) |
Trend towards working memory partial mediation (−.14) |
Negative (−.215) |
Under/Overconfidence | Negative (r = −.20, p < .001, n = 568) |
Working memory mediation (−.19) |
Nonsignificant (−.005) |
Recognizing Social Norms | Nonsignificant (r = .07, p = .12, n = 559) |
Episodic memory mediation (−.09) |
Positive (.176) |
Resistance to Sunk Costs | Positive (r = .15, p < .001, n = 568) |
No mediation tested | Positive (.161) |
Consistency in Risk Perception | Nonsignificant (r = −.01, p = .82, n = 568) |
No mediation tested | Nonsignificant (.010) |