Domain-Specific Changes in Risk-Taking Tendency at Older Age
1Dr Seema Yasmeeen,2Babar Shahzad, 3Marwa Khurram, 4Naznin tabbasum, 5Qaiser ikhlaq,
6Haroon raja
1Shahida Islam Medical and Dental College, Lodhran
2PIMS, Islamabad,
3UHS Lahore
4UHS Lahore
5UHS Lahore
6UHS Lahore
Abstract
Background:
Risk-taking behavior is fundamental to decision-making, either its patterns changes remarkably with age. Older adults may illustrate reduced risk-taking, but this energy is not uniform across all life domains. Understanding domain-specific changes is crucial for effective policy-making, health intercede, and financial planning.
Objective:
This study look into how risk-taking propensity differs across domains financial, health, humurous, and social as individuals age.
Methods:
A cross-sectional study design was employed using a sample of 610 adults ages lies between 25 to 85. Participants completed a unique version of the Domain-Specific Risk-Taking scale. Retrogression analyses and ANOVA were applied to highlight patterns and age-related trends with domains.
Results:
Results designed a general rejection in risk-taking with age, especially in financial and health domains.
Moreover, social risk-taking showed least change, and recreational risk-taking rejection only reasonably.
Conclusion:
Risk-taking tendency in older age is domain-dependent. These findings challenge vague assumptions of risk declination in older adults and suggest balanced approaches in intercede and policy strategies. Keywords: Risk taking tendency, domains, older age, strategies