Investing in your Future
A recently published study in the journal Psychology and Aging indicated that cognitive ability predicts the quality of our economic decisions better than age does. As associate professor of psychology and neuroscience and director of the Duke Center for Neuroeconomic Studies Dr. Scott Huettel wrote, “It’s not age, it’s cognition that makes the difference in decision-making.”
Researchers conceded that older people on average did process financial decisions more slowly and had poorer memory than their younger counterparts, but when participants of similar cognitive abilities were compared, the impact of age disappeared.
This finding will come as no surprise to many. Legendary investor Warren Buffett, 79, continues to outperform fund managers half his age. The message to take from this article is that age by itself, as the saying goes, is just a number. If we keep our minds sharp–by say, training with Posit Science software–we can continue to make timely and prudent investments late into life.
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Posted: Benefits of Brain Fitness, Neuroscience, Processing speed, Research studies
Posit Science's corporate blog is the place where our employees share their thoughts about Posit Science and its products, brain fitness, breakthroughs in neuroscience, and any other topic they find interesting and relevant. 
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