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Grandpa's Decision-Making Skills May Be Just Fine

(HealthDay News) Conventional wisdom says older people make less risky -- and less sound -- decisions, but now a new study suggests otherwise.

In some cases, older people make just as good, or even better, money-making decisions than younger people, researchers report.

"It's not age, per se, that's causing people to become more risk-averse," said study co-author Scott A. Huettel…

But two cognitive factors -- age-related declines in memory and the ability to process information quickly -- can influence the ability of older people to make decisions, he said…

The findings suggest that older people might make better decisions if they have more time for their brains to process details, he said.

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