14 DAY TRIAL // Many say that with age comes wisdom, but I wanted to share with you the results of a study that shows this is not necessarily true. During the investigation, the experts found that going through a lot of life experiences does not improve one's decision-making skills.
French and American scientists, writing in the latest issue of Psychological Science, say that people continue to make irrational decisions – with a low probability of success – even when they've already gone through the same scenario, experiencing the same odds, and lost.
What I find particularly interesting about this research is that people fared sub-optimally in tasks where they were supposed to make decisions based on experience. Scientists have known for many years that such performances were to be expected when someone was, for example, given an advice.
You'd think that people would at least listen to themselves when it comes to making decisions, since they obviously don't care what others think. The new study shows that even that expectation is unfounded, PsychCentral reports.