Follow on Google News News By Tag Industry News News By Place Country(s) Industry News
Follow on Google News | Financial Decision-Making and Aging: Perspectives from NeuroscienceHow do natural neurological changes affect one’s acceptance of risk and, by extension, investment decisions? On March 15, join neuroscientists at the German Center for Research and Innovation for a discussion on financial decision-making and aging.
By: German Center for Research and Innovation (GCRI) On Tuesday, March 15, from 6:30 to 8:30 p.m., please join our speakers at the German Center for Research and Innovation (GCRI) in New York as they discuss how investment behavior changes over the adult life span, and how these changes might relate to changing neural processes underlying decision-making. Prof. Dr. Elke U. Weber, Jerome A. Chazen Professor of International Business, Professor of Management and Psychology, and Earth Institute Professor at Columbia University, will speak, drawing upon her expertise on descriptive models of decision-making under uncertainty and time delay in financial and environmental contexts. She will present two recent studies that compared the financial decision-making of older and younger adults in the U.S., in which her team found little evidence that the quality of decisions made by older adults was compromised in the way that age-related deterioration of processing speed and cognitive ability (sometimes called “fluid intelligence”) At Columbia, Prof. Dr. Weber founded and co-directs the Center for Decision Sciences, which generates and facilitates interdisciplinary decision research relevant to the needs of real-world decision-makers, as well as the Center for Research on Environmental Decisions, which investigates ways of facilitating human responses to climate change and climate variability. She received her B.A. in psychology (summa cum laude) from York University in Canada and her M.A. and Ph.D. from Harvard in behavior and decision analysis. Prof. Dr. Weber will be joined by Prof. Dr. Peter Mohr, Junior Professor at the Freie Universität Berlin and Head of the FU-WZB Junior Research Group Neuroeconomics. Prof. Dr. Mohr will address how normal healthy aging not only leads to marked cognitive declines in various cognitive domains (e.g., working memory), but also to a decreased willingness to take risks. He will elaborate on how it was consequently proposed that investment behavior might also change when individuals age. Neuroscientific studies have shown that emotions play an important role in investment decisions. Processing of emotions, however, seems to stay largely intact in older adults, who might be even better in regulating their emotions compared to younger adults. Prof. Dr. Mohr’s research group investigated how these different changes across the life span affect investment behavior. In his talk, he will present their findings with regard to the different strategies various age groups use to form their choices. Prof. Dr. Mohr received his Ph.D. in psychology from the Freie Universität Berlin. During his studies, he was a fellow at the International Max Planck Research School on the Life Course, where he investigated age-related changes in economic decisions. His research interests include situational and contextual influences on economic decision-making as well as individual differences in this domain. Dr. Joann Halpern, Director of the German Center for Research and Innovation (GCRI) in New York, will moderate the discussion. This discussion will take place on Tuesday, March 15, from 6:30 to 8:30 p.m. at the German Center for Research and Innovation (871 United Nations Plaza, First Avenue, btwn. 48th & 49th Streets). Follow @gcri_ny (https://twitter.com/ This event is co-sponsored by the German Center for Research and Innovation and the WZB Berlin Social Science Center. The German Center for Research and Innovation provides information and support for the realization of cooperative and collaborative projects between North America and Germany. With the goal of enhancing communication on the critical challenges of the 21st century, GCRI hosts a wide range of events from lectures and exhibitions to workshops and science dinners. Opened in February 2010, GCRI was created as a cornerstone of the German government’s initiative to internationalize science and research and is one of six centers worldwide. End
Account Email Address Account Phone Number Disclaimer Report Abuse
|
|