... This is in itself an important finding, since it is a widely held notion,even among decision researchers, that decision making faculties decline with aging. Ourresults counter this notion and show ... toaccept and thetheory of mind (strategic thinking).Our findings indicatethat the olderadults’ decision behavior is similar to that of young adults, contrary to the notion that economic decision making ... our first attempt to study decision making in theelderly.Each subjectcompleted an individuallyadministered interview,involving awritten ques-tionnaire and several interactive tasks. Onaverage,...