Each of the following questions has a paragraph from which the last sentence has been deleted. From the given options, choose the one that completes the paragraph in the most appropriate way.

Age has a  curvilinear relationship with the exploitation of opportunity. Initially, age will increase the likelihood that a person will exploit an entrepreneurial opportunity because people gather much of the knowledge necessary to exploit opportunities over the course  of their lives,  and because  age provides  credibility in transmitting that information to others. However, as people become older, their willingness to bear risks  declines,  their  opportunity  costs  rise,  and they become less  receptive  to new  information________.

(1)  As a  result,  people  transmit  more information  rather  than  experiment  with new ideas asthey reach anadvanced age. 
(2)  As a  result,  people  are  reluctant  to experiment  with  new  ideas  as they  reach  an advanced age. 
(3)  As a  result,  only  people  with  lower opportunity  costs  exploit  opportunity  when they reach anadvanced age. 
(4)  As a  result,  people  become  reluctant  to exploit  entrepreneurial  opportunities  when they reach anadvanced age. 
(5)  As a  result,  people  depend  on credibility rather  than  on novelty  as they  reach  an advanced age.