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(PsycINFO Database Record (c) 2020 APA, all rights reserved).The canonical conclusion from research on age differences in risky choice is that older adults are more risk averse than younger adults, at least in choices involving gains. Most of the evidence for this conclusion derives from studies that used a specific type of choice problem choices between a safe and a risky option. However, safe and risky options differ not only in the degree of risk but also in the amount of information to be processed-that is, in their complexity. In both an online and a l
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