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

Detailed criteria

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

Behavioral
Participants 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.
Behavioral
Control - 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 Houston
Houston, Texas

Leveraging Behavioral Economics to Understand and Improve Financial Decision Making Among Vulnerable Older Adults

Summary

Eligibility

Interventions

Location

Run this study?

Details

Conditions