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Not really. Young people are naturally adventurous, and old people are naturally cautious. It's a balance of life stages that works really well for society in a
by fjsolwmv 9y ago
Not really. Young people are naturally adventurous, and old people are naturally cautious. It's a balance of life stages that works really well for society in aggregate.
- saturdaysaint 9y agoBoth are averting losses of different kinds. Young people are driven by social pressures (FOMO), old people are avoiding bigger risks (mortality, financial calamity). This is bog standard behavioral economics. I highly recommend Daniel Kahneman's "Thinking, Fast and Slow".