It's not memory loss or senility that leads to mistakes, but increased "noise" in parts of seniors' brains
Old age traditionally brings with it respect, experience and wisdom. But when it comes to making risky financial investments, an older mind is likely to make more mistakes than a younger one, Stanford psychologists say.
This piece originally appeared in Stanford Business Insights from Stanford Graduate School of Business. To receive business ideas and insights from Stanford GSB click here: (To sign up: https://www.gsb.stanford.edu/insights/about/emails)