Cited by Lee Sonogan
Abstract by Wändi Bruine de Bruin, Andrew M. Parker, Baruch Fischhoff
Decision-making competence refers to the ability to make better decisions, as defined by decision-making principles posited by models of rational choice. Historically, psychological research on decision-making has examined how well people follow these principles under carefully manipulated experimental conditions. When individual differences received attention, researchers often assumed that individuals with higher fluid intelligence would perform better. Here, we describe the development and validation of individual-differences measures of decision-making competence. Emerging findings suggest that decision-making competence may tap not only into fluid intelligence but also into motivation, emotion regulation, and experience (or crystallized intelligence). Although fluid intelligence tends to decline with age, older adults may be able to maintain decision-making competence by leveraging age-related improvements in these other skills. We discuss implications for interventions and future research.
Publicaiton: Current Directions in Psychological Science (Peer-Reviewed Journal)
Pub Date: Mar 18, 2020 Doi: https://doi.org/10.1177/0963721420901592
Keywords: decision-making competence, individual differences, cognitive ability
https://journals.sagepub.com/doi/full/10.1177/0963721420901592 (Plenty more sections and references in this research article)