Financial Decision Making

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

This study seeks to: (1) identify behavioral preference patterns that characterize older adults vulnerable to financial exploitation; (2) estimate the extent to which biases in decision-making process influence financial decisions among older adults vulnerable to financial exploitation to refine information content and behavioral ‘nudge’ strategies; and (3) test novel informational content / nudge strategies to mitigate financial vulnerability among older adults.

Initially Funded: 2025
NIH Behavioral Intervention Development Stage: 0