Freakonomics » With Age Comes Economic Wisdom

Not about technology, this time…

A new study seems to confirm the adage that older means wiser, at least when it comes to making decisions about economic matters. From ScienceDaily:

To conduct their research, [Ye] Li and his colleagues recruited a group of 336 people — 173 younger ages 18 to 29 and 163 older ages 60 to 82 — and asked them a series of questions that measured economic decision making traits. They also administered a battery of standard fluid and crystallized intelligence tests.These traits included temporal discounting how much people discount future gains and losses, loss aversion how much the valuation of losses outweigh gains of the same magnitude, financial literacy understanding financial information and decisions and debt literacy understanding debt contracts and interest rates.They found the older participants performed as well or better than the younger participants in all four decision-making measures. The older group exhibited greater patience in temporal discounting and better financial and debt literacy. The older participants were somewhat less loss averse, but the result did not reach standard levels of significance.

“The findings confirm our hypothesis that experience and acquired knowledge from a lifetime of decision making offset the declining ability to learn new information,” Li said.

via Freakonomics » With Age Comes Economic Wisdom.

I am looking for Technical Specialist to join my team…

Hi guys,

a bit of a different post this time: I am looking for a young “gun” with a fresh degree to join my team of technical specialists at Microsoft Switzerland. Area to be covered: App development with focus on games.

If you have the skills, or you know somebody with them, please do not hesitate to contact me.

Here, the full job description: https://careers.microsoft.com/jobdetails.aspx?ss=&pg=0&so=&rw=6&jid=119073&jlang=en&pp=ss

It is an amazing job: Don’t miss this opportunity!

/Stefano.