In the later years of life, individuals who maximize their gains and minimize their losses are engaging in what is known as

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Selective optimization with compensation refers to the process in which individuals focus on maximizing their gains while minimizing their losses as they age. This involves selectively choosing goals that are important to them, optimizing their performance in those areas, and compensating for any limitations or losses in other areas. Successful aging and generativity may also be important components of later life, but they do not specifically refer to the process of selective optimization with compensation.

In the Later Years of Life, Individuals Who Maximize Their