Distinct Age-Related Differences in Temporal Discounting and Risk Taking in Adolescents and Young Adults

Age-related differences in temporal discounting (TD) and risk taking, and their association, were examined in adolescents and young adults (n=337) aged 12-27years. Since monetary rewards are typically used in TD and risk-taking tasks, the association between monetary reward valuation and age and decision making in these tasks was explored as well. TD declined linearly with age, with a particularly sharp decline from 15 to 16years. In contrast, risk taking was not correlated with age and TD. Reward valuation was not associated with TD and risk taking, and age-related differences in TD remained significant after controlling for reward valuation. Together, these findings suggest that risk taking and TD are two separate constructs with distinct age-related differences in adolescence and young adulthood.