Are Older People Aware of Their Cognitive Decline? Misperception and Financial Decision-Making (Record no. 133721)

MARC details
000 -LEADER
fixed length control field 01372nam a2200217Ia 4500
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fixed length control field 240826s9999||||xx |||||||||||||| ||und||
022 ## - INTERNATIONAL STANDARD SERIAL NUMBER
International Standard Serial Number 0022-3808
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Peracchi, Franco
9 (RLIN) 120501
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name 2024
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Personal name Mazzonna, Fabrizio
9 (RLIN) 120502
245 #0 - TITLE STATEMENT
Title Are Older People Aware of Their Cognitive Decline? Misperception and Financial Decision-Making
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Name of publisher, distributor, etc. Journal of Political Economy
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. 2024
300 ## - PHYSICAL DESCRIPTION
Extent 1793-1830
520 ## - SUMMARY, ETC.
Abstract We investigate whether older people correctly perceive their cognitive decline and the potential financial consequences of misperception. First, we show that older people tend to underestimate their cognitive decline. We then show that those experiencing a severe decline but unaware of it are more likely to suffer wealth losses. These losses largely reflect decreases in financial wealth and are mainly experienced by wealthier people who were previously active on the stock market. Our findings support the view that financial losses among older people unaware of their cognitive decline are the result of bad financial decisions, not of rational disinvestment strategies.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Cognitive Decline
9 (RLIN) 120503
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Topical term or geographic name entry element Financial Decision
9 (RLIN) 120504
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Financial Wealth
9 (RLIN) 120505
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Older People
9 (RLIN) 120506
856 ## - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier <a href="https://www.journals.uchicago.edu/doi/10.1086/728697">https://www.journals.uchicago.edu/doi/10.1086/728697</a>
999 ## - SYSTEM CONTROL NUMBERS (KOHA)
Koha biblionumber 133721
Holdings
Withdrawn status Lost status Damaged status Not for loan Home library Current library Date acquired Serial Enumeration / chronology Total Checkouts Barcode Date last seen Price effective from Koha item type
        Dr VKRV Rao Library Dr VKRV Rao Library 27/08/2024 Vol. 132, No. 6   AI372 27/08/2024 27/08/2024 Article Index