And maybe the reason they tend to be young is that those who are older have a more realistic assessment of their abilities due to extensive experience?
Not to mention responsibilities. As a 24 yr old guy, if I put everything on the line and lose - big deal, I can wipe the slate clean and start over. My 34 yr old brother with a wife, 3 kids and a mortgage can't take the same risk as easily as I would.
Well, not to criticise your bro, but that's the life he signed up for. He willingly took on those responsibilities.
It's not generally thought of as a risk, but he definitely took one - by locking himself into multiple, multi-decade commitments he tossed the dice on continuing to be perfectly satisfied with his current lot, and there would be a lot of pain if he was wrong. After all, what is commitment phobia other than a special type of risk aversion?
