Leveraging Behavioral Economics to Understand and Improve Financial Decision Making Among Vulnerable Older Adults
The University of Texas Health Science Center, Houston
Summary
This study seeks to test novel informational content / nudge strategies to mitigate financial vulnerability among older adults.
Eligibility
- Age range
- 60+ years
- Sex
- All
- Healthy volunteers
- Yes
Inclusion Criteria: * Adults over the age of 60 * English speakers, to ensure comprehension of study tasks * High vulnerability to financial exploitation as assessed by the Financial Exploitation Vulnerability Scale (FEVS) Exclusion Criteria: * Less than age 60 * Non-English speaker
Interventions
- BehavioralParticipants receiving informational self-nudges to improve financial decision-making
Participants will be asked to virtually go through financial self-nudging informational content during the week prior to completing behavioral tasks. Self-nudging informational content contains strategies to enhance financial decision-making.
- BehavioralControl - Participants receiving informational content on healthy eating and physical activity
The control group will be exposed to informational content on healthy eating and physical activity (obtained through the U.S. Centers for Disease Control and Prevention and/or National Institute on Aging webpages).
Location
- The University of Texas Health Science Center at HoustonHouston, Texas