Minecraft crashes with "java.lang.IndexOutOfBoundsException" when loading on an older version

Whenever I try to run older versions of Vanilla Minecraft it won't allow me to create or load a world in Singleplayer. If I try, it will start to generate the world, then crash.

Error Message:

---- Minecraft Crash Report ----
// Oh - I know what I did wrong!

Time: 2/1/16 10:14 PM
Description: Unexpected error

java.lang.IndexOutOfBoundsException
    at java.nio.Buffer.checkIndex(Buffer.java:540)
    at java.nio.DirectIntBufferU.get(DirectIntBufferU.java:253)
    at bls.a(SourceFile:270)
    at bls.a(SourceFile:220)
    at azd.a(SourceFile:1675)
    at azd.a(SourceFile:1633)
    at biv.a(SourceFile:113)
    at gu.a(SourceFile:70)
    at gu.a(SourceFile:13)
    at ef.a(SourceFile:164)
    at azd.o(SourceFile:1566)
    at azd.ad(SourceFile:753)
    at azd.e(SourceFile:704)
    at net.minecraft.client.main.Main.main(SourceFile:103)

System Details:

  -- System Details --
Details:
    Minecraft Version: 1.7.2
    Operating System: Mac OS X (x86_64) version 10.10.4
    Java Version: 1.8.0_60, Oracle Corporation
    Java VM Version: Java HotSpot(TM) 64-Bit Server VM (mixed mode), Oracle Corporation
    Memory: 148530064 bytes (141 MB) / 285257728 bytes (272 MB) up to 1048576000 bytes (1000 MB)
    JVM Flags: 5 total; -Xmx1G -XX:+UseConcMarkSweepGC -XX:+CMSIncrementalMode -XX:-UseAdaptiveSizePolicy -Xmn240M
    AABB Pool Size: 18497 (1035832 bytes; 0 MB) allocated, 18497 (1035832 bytes; 0 MB) used
    IntCache: cache: 0, tcache: 0, allocated: 0, tallocated: 0
    Launched Version: 1.7.2
    LWJGL: 2.9.1
    OpenGL: Intel(R) HD Graphics 6000 GL version 2.1 INTEL-10.6.31, Intel
    Is Modded: Probably not. Jar signature remains and client brand is untouched.
    Type: Client (map_client.txt)
    Resource Packs: []
    Current Language: English (US)
    Profiler Position: N/A (disabled)
    Vec3 Pool Size: 0 (0 bytes; 0 MB) allocated, 0 (0 bytes; 0 MB) used
    Anisotropic Filtering: Off (1)

Is this a system problem, is there a problem with my system settings that would cause this error? If so, what steps can be done to correct it. If not, what could be the problem?