Difficulty in differentiating trustworthiness from untrustworthiness in older age.

Webb, B; Hine, AC; Bailey, PE

Difficulty in differentiating trustworthiness from untrustworthiness in older age.

Webb, B Hine, AC Bailey, PE

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Publisher:: AMER PSYCHOLOGICAL ASSOC
Publication Type:: Journal Article
Citation:: Dev Psychol, 2016, 52, (6), pp. 985-995
Issue Date:: 2016-06

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Field	Value	Language
dc.contributor.author	Webb, B
dc.contributor.author	Hine, AC
dc.contributor.author	Bailey, PE
dc.date.accessioned	2022-08-16T03:06:11Z
dc.date.available	2022-08-16T03:06:11Z
dc.date.issued	2016-06
dc.identifier.citation	Dev Psychol, 2016, 52, (6), pp. 985-995
dc.identifier.issn	0012-1649
dc.identifier.issn	1939-0599
dc.identifier.uri	http://hdl.handle.net/10453/160308
dc.description.abstract	Older adults report being more trusting than young adults, and this may be particularly evident in close social relationships. This is beneficial for well-being when trust is reciprocated, but detrimental when trust is exploited. In a repeated trust game, young (n = 35) and older adults (n = 33) invested real money over repeated interactions with trustees of varying social distances (close, neutral, distant) and trustworthiness (trustworthy, untrustworthy). Young and older adults were equally proficient at learning to integrate congruent information so that by the end of the task they were investing most with close trustees who reciprocate often and least with distant trustees who rarely reciprocate. Averaged across time, however, older adults were more likely than young adults to invest with all trustees, with the one exception of close trustees who reciprocate often. In addition, among older adults, higher intelligence was correlated with larger investments with the most trustworthy trustees, and better subjective financial well-being was associated with increased investing in the most untrustworthy trustees. Although both age groups demonstrated a confirmation bias by integrating preexisting beliefs with ongoing behavior in order to determine trustworthiness, this effect was most consistent among the young adults. We discuss the potential danger, particularly for finances, when older adults discount information pertaining to trustworthiness and/or untrustworthiness. (PsycINFO Database Record
dc.format	Print-Electronic
dc.language	eng
dc.publisher	AMER PSYCHOLOGICAL ASSOC
dc.relation	http://purl.org/au-research/grants/arc/DP130101420
dc.relation.ispartof	Dev Psychol
dc.relation.isbasedon	10.1037/dev0000126
dc.rights	info:eu-repo/semantics/closedAccess
dc.subject	1303 Specialist Studies in Education, 1701 Psychology, 1702 Cognitive Sciences
dc.subject.classification	Developmental & Child Psychology
dc.subject.mesh	Adolescent
dc.subject.mesh	Adult
dc.subject.mesh	Aged
dc.subject.mesh	Aged, 80 and over
dc.subject.mesh	Aging
dc.subject.mesh	Analysis of Variance
dc.subject.mesh	Female
dc.subject.mesh	Games, Experimental
dc.subject.mesh	Humans
dc.subject.mesh	Intelligence
dc.subject.mesh	Learning
dc.subject.mesh	Male
dc.subject.mesh	Prejudice
dc.subject.mesh	Psychological Distance
dc.subject.mesh	Psychological Tests
dc.subject.mesh	Trust
dc.subject.mesh	Young Adult
dc.subject.mesh	Humans
dc.subject.mesh	Analysis of Variance
dc.subject.mesh	Intelligence
dc.subject.mesh	Trust
dc.subject.mesh	Prejudice
dc.subject.mesh	Learning
dc.subject.mesh	Psychological Tests
dc.subject.mesh	Aging
dc.subject.mesh	Games, Experimental
dc.subject.mesh	Adolescent
dc.subject.mesh	Adult
dc.subject.mesh	Aged
dc.subject.mesh	Aged, 80 and over
dc.subject.mesh	Female
dc.subject.mesh	Male
dc.subject.mesh	Young Adult
dc.subject.mesh	Psychological Distance
dc.title	Difficulty in differentiating trustworthiness from untrustworthiness in older age.
dc.type	Journal Article
utslib.citation.volume	52
utslib.location.activity	United States
utslib.for	1303 Specialist Studies in Education
utslib.for	1701 Psychology
utslib.for	1702 Cognitive Sciences
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Health
pubs.organisational-group	/University of Technology Sydney/Faculty of Health/Graduate School of Health
pubs.organisational-group	/University of Technology Sydney/Faculty of Health/Graduate School of Health/GSH.Clinical Psychology
utslib.copyright.status	closed_access	*
dc.date.updated	2022-08-16T03:06:10Z
pubs.issue	6
pubs.publication-status	Published
pubs.volume	52
utslib.citation.issue	6

Abstract:

Older adults report being more trusting than young adults, and this may be particularly evident in close social relationships. This is beneficial for well-being when trust is reciprocated, but detrimental when trust is exploited. In a repeated trust game, young (n = 35) and older adults (n = 33) invested real money over repeated interactions with trustees of varying social distances (close, neutral, distant) and trustworthiness (trustworthy, untrustworthy). Young and older adults were equally proficient at learning to integrate congruent information so that by the end of the task they were investing most with close trustees who reciprocate often and least with distant trustees who rarely reciprocate. Averaged across time, however, older adults were more likely than young adults to invest with all trustees, with the one exception of close trustees who reciprocate often. In addition, among older adults, higher intelligence was correlated with larger investments with the most trustworthy trustees, and better subjective financial well-being was associated with increased investing in the most untrustworthy trustees. Although both age groups demonstrated a confirmation bias by integrating preexisting beliefs with ongoing behavior in order to determine trustworthiness, this effect was most consistent among the young adults. We discuss the potential danger, particularly for finances, when older adults discount information pertaining to trustworthiness and/or untrustworthiness. (PsycINFO Database Record

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http://hdl.handle.net/10453/160308