When making decisions, the amount of time remaining matters. When time horizons are long, exploring unknown options can inform later decisions, but when time horizons are short, exploiting known options should be prioritized. While adults and adolescents adapt their exploration in this way, it is unclear when such adaptation emerges and how…

Research Findings: To test children's use of testimony of others, 3-9 years (N = 227) made judgments about a potential peer transgression in which the intentions of the protagonist were ambiguous, after hearing two different forms of testimony. The 2 forms of testimony were (a) opposing "opinion-based" testimony from an adult authority…

Survey respondents' probabilistic expectations are now widely used in many fields to study risk perceptions, decision-making processes, and behavior. Researchers have developed several methods to account for the fact that the probability of an event may be more ambiguous for some respondents than others, but few prior studies have empirically…

Converging developmental decision-making studies have demonstrated that until late adolescence, individuals prefer options for which the risk of a loss is low regardless of the final outcome. Recent works have shown a similar inability to consider both loss frequency and final outcome among adults. The current study aimed to identify developmental…