The Age of Reason: Financial Decisions over the Life-Cycle with Implications for Regulation
Publication information:
Agarwal, Driscoll J, Gabaix, Laibson. The Age of Reason: Financial Decisions over the Life-Cycle with Implications for Regulation. Brookings Papers on Economic Activity. 2009;2009(2):51–117.
Abstract
The young and the old make the most mistakes, and people reach maximal performance at age 53.