Objective Decision making is an important determinant of health and well-being across the lifespan but critical in aging, when many influential decisions are made just as cognitive function declines. Increasing evidence suggests that older adults, even those without dementia, often make poor selectively vulnerable to scams. To date, however, factors associated with decision old age unknown. The objective this study was test hypothesis a consequence decline among persons Alzheimer's disease...

This study examines how cognitive changes associated with aging impact the financial decision making capability of older Americans. We find that a decrease in cognition is literacy. Decreases episodic memory and visuospatial ability are numeracy, semantic knowledge. A also predicts drop self-confidence general, but importantly, it not confidence managing one's own finances. Participants experiencing decreases do show an increased likelihood getting help decisions; however, many participants...

Background Temporal discounting is an important determinant of many health and financial outcomes, but we are not aware studies that have examined the association temporal with mortality. Methods Participants were 406 older persons without dementia from Rush Memory Aging Project, a longitudinal cohort study aging. was measured using standard preference elicitation questions. Individual discount rates estimated well-established hyperbolic function used to predict risk mortality during up 5...

Financial fraud is a major threat to older Americans, and this problem expected grow as the baby boom generation retires more retirees manage their own retirement accounts. We use unique dataset examine causes consequences of financial among Americans. First, we find that decreasing cognition associated with higher scam susceptibility scores predictive victimization. Second, overconfidence in one's knowledge Third, victims increase willingness take risks relative propensity-matched non-victims.

While it is well known that short selling predicts future negative stock price performance, has not been established whether operating performance. We find firms in the top decile of increases interest (an increase about four percentage points) experience a 21% subsequent decline performance relative to matched control firms. The greater interest, larger results are robust alternative measures and sample splits based on firm size. These suggest may reflect private information fundamentals...

We examine how the presentation of investment results affects risk taking using an experiment in which participants view either asset by or aggregated into a portfolio result. Our examines choices nationwide sample 249 simulation investing for retirement. Segregating decreases subsequent taking. Those presented segregated lower their equity proportion 4.21% and volatility 0.88%. Both are 8% mean levels taking, 50.59% 10.85%, respectively. At beginning simulation, we present historical...

This study examines how cognitive changes associated with aging impact the financial decision making capability of older Americans. We find that a decrease in cognition is literacy. Decreases episodic memory, perceptual speed, and visuospatial ability are numeracy, decreases semantic memory knowledge. A also predicts drop self-confidence general, but importantly, it not confidence managing one's own finances. Participants experiencing do show an increased likelihood getting help decisions;...

We examine how the presentation of investment results affects risk taking using an experiment in which participants view either asset by or aggregated into a portfolio result. Our examines choices nationwide sample 249 simulation investing for retirement. Segregating decreases subsequent taking. Those presented segregated lower their equity proportion 4.21% and volatility 0.88%. Both are 8% mean levels taking, 50.59% 10.85% respectively. At beginning simulation, we present historical options...

This study examines how cognitive changes associated with aging impact the financial decision making capability of older Americans. We find that a decrease in cognition is literacy. Decreases episodic memory and visuospatial ability are numeracy, semantic knowledge. A also predicts drop self-confidence general, but importantly, it not confidence managing one's own finances. Participants experiencing decreases do show an increased likelihood getting help decisions; however, many participants...

Abstract Under uncertainty, there is considerable heterogeneity in expectations of results, and the outcome each choice a reflection those expectations. This study aims to understand role subjective probabilistic inference updating information for decision-making procedures under uncertainty. We show that adding uncertainty trade-offs criteria induces more inconsistent present preferences. find results different levels acquisition, which plays central many everyday cases forecasting. The...

Disruptions, such as the recent pandemic, highlight pivotal role that human resource management (HRM) professionals play in guiding their organizations through change. This panel explores how these professionals, along with other managers and leaders organizations, are using technology to respond adapt disruptions ever-changing societal workforce needs, including generative artificial intelligence, analytics, diversity, equity, inclusion strategies.

Do individual investors have better information about local stocks? Our results demonstrate that they do. Large trading imbalances by living close to a firm’s headquarters predict the stock’s earnings announcement return. Stocks with most net buying average significantly higher market-adjusted returns than stocks selling investors. This return difference is pronounced for small- and medium-sized firms, but absent among large which significant analyst coverage. Local investors' informational...

Our study suggests that despite the enforcement of insider trading laws, there are still some investors on their private information. Using account-level information, we show retail seem to be informed about particular stocks. When they sell short these stocks, earn an alpha 15%; when purchase 27%. Other sales and purchases by same investor do not significant alpha. These trades rare further evidence suggest motivated information rather than skill.

This study examines the financial literacy levels of students at Middle Tennessee State University and effectiveness tools on campus to increase students’ knowledge basic topics their own student debt. We administer a survey across in multiple finance classes general population. Around half our respondents answer correctly all “Big Three” questions testing literacy, higher proportion answering than average several prior studies conducted around world. find mixed results regarding...

We present empirical evidence of how prior outcomes affect individual investors’ subsequent risk taking. Investors who experience big gains or losses are likely to exit the stock market; however, investors remaining in market increase their portfolio taking following losses. They replace stocks sold with new positions a higher (lower) value recent (gains), thereby leading an (decrease) overall Our results consistent predictions consumption habit formation interacting disposition effect....

While much of the prior research on short selling around announcements seasoned equity offerings (SEOs) has focused manipulation, it is unclear whether there also informed these announcements. We test for SEO by examining relation between i) pre-announcement and announcement-period return ii) changes in interest announcement long-term operating stock price performance following issue. find that firms with large increases to exhibit lower (i.e., more negative) returns, experience inferior...

While it is well known that short selling predicts future negative stock price performance, has not been established whether operating performance. We find firms in the top decile of increases interest (an increase about four percentage points) experience a 21% subsequent decline performance relative to matched control firms. The greater interest, larger results are robust alternative measures and sample splits based on firm size. These suggest may reflect private information fundamentals...

This study reveals the information content of individual investors’ risk-adjusted return expectations. Although investors overestimate performance their stock purchases on average, cross-sectional variation in expectations is predictive future performance. Stock that expect to outperform most do least by an annualized alpha 16%. The best performing stocks are those with excellent experience while worst limited least. experienced appear be successfully using gathered from personal company's...