My opinion is that it will vary from pilot to pilot but on the whole, there will be more ppl's that get out of their depth when it comes to these decisions. Experience is the difference.
Oh dear, where do people come up with this.
Have you read the Angel Flight pilot profiles? There are a lot of ex CPL's etc on there that are now just lowly PPL's as people are describing. A PPL doesn't mean you have a tendency to easily go out of your depth and make poor decisions. I know many a PPL that I'd rather fly with than a snotty nosed 200 hour pilot that doesn't know ****.
Would a 20 year old 200 hour CPL have better judgement than a 700 hour 50 year old?