Improving how older adults manage their finances online
Modernizing the Assessment of Financial Decision Making: Development and Evaluation of a Simulated Online Money Management Task in Older Adults
['FUNDING_OTHER'] · BOSTON UNIVERSITY MEDICAL CAMPUS · NIH-10796788
This study is creating an online game to help understand how older adults, especially those with memory challenges like Alzheimer's, make financial decisions in today's digital world, so we can better support them in managing their money.
Quick facts
| Phase | ['FUNDING_OTHER'] |
|---|---|
| Study type | Nih_funding |
| Sex | All |
| Sponsor | BOSTON UNIVERSITY MEDICAL CAMPUS (nih funded) |
| Locations | 1 site (BOSTON, UNITED STATES) |
| Trial ID | NIH-10796788 on ClinicalTrials.gov |
What this research studies
This research focuses on developing a new online task to assess how older adults make financial decisions in the context of digital finance. It aims to create a simulated money management task that reflects real-world financial scenarios, particularly for those experiencing cognitive aging or conditions like Alzheimer's Disease. By using rigorous testing methods, the study will evaluate the effectiveness of this task in measuring financial decision-making abilities among older adults. The goal is to better understand and support older individuals in navigating their financial responsibilities as technology evolves.
Who could benefit from this research
Good fit: Ideal candidates for this research are older adults, particularly those aged 65 and above, including individuals with cognitive impairments such as Alzheimer's Disease.
Not a fit: Patients who are younger than 21 or those without any cognitive impairments may not benefit from this research.
Why it matters
Potential benefit: If successful, this research could enhance the financial decision-making capabilities of older adults, reducing their risk of financial exploitation.
How similar studies have performed: Previous research has shown promise in using simulation technology for assessing cognitive functions, suggesting that this approach could yield valuable insights.
Where this research is happening
BOSTON, UNITED STATES
- BOSTON UNIVERSITY MEDICAL CAMPUS — BOSTON, UNITED STATES (ACTIVE)
Researchers
- Principal investigator: SUNDERARAMAN, PREETI — BOSTON UNIVERSITY MEDICAL CAMPUS
- Study coordinator: SUNDERARAMAN, PREETI
About this research
- This is an active NIH-funded research project — typically early-stage science, not a clinical trial accepting patient enrollment.
- Some NIH-funded labs run parallel clinical studies or seek volunteers for related work. To check, contact the principal investigator or institution listed above.
- For full project details, budget, and progress reports, visit the official NIH RePORTER page below.