Age and probabilistic reasoning: Biases in conjunctive, disjunctive and Bayesian judgements in early and late adulthood

Probabilistic reasoning plays an essential pan in many aspects of our daily routine and it has been argued that as we grow older, the need to make judgements under uncertainty becomes increasingly important. Two studies were conducted to establish whether the propensity to commit probabilistic reasoning errors increased with age. Young (aged 16-24), middle aged (25-54), and older persons (55 years and above) were included. Study I revealed systematic biases and errors across a range of judgement tasks. However, no evidence of any age effect in Bayesian inference. the incidence of the conjunction fallacy, or in the number of disjunction errors was found. The results obtained in Stud), I Were replicated in Study 2. where the potential mediating role of working memory processes and intellectual capacity were explicitly z 0 assessed. While some aspects of probabilistic reasoning performance were, correlated with measures of intelligence and working memory functioning among young adults. this was much less evident in older persons. The present findings are discussed in relation to the evolution of the dualistic heuristic-analytical system over the adult lifespan. Copyright (C) 2005 John Wiley Sons, Ltd.