Open AccessCorrelates of healthcare and financial decision making among older adults without dementia.
Author(s) -
Christopher C. Stewart,
Lei Yu,
Robert S. Wilson,
David A. Bennett,
Patricia A. Boyle
Publication year - 2018
Publication title -
health psychology
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.548
H-Index - 164
eISSN - 1930-7810
pISSN - 0278-6133
DOI - 10.1037/hea0000610
Subject(s) - numeracy , financial literacy , health care , health literacy , psycinfo , dementia , cognition , psychology , risk aversion (psychology) , literacy , developmental psychology , gerontology , medicine , finance , medline , business , disease , economics , political science , psychiatry , pedagogy , expected utility hypothesis , pathology , mathematical economics , law , economic growth
Healthcare and financial decision making among older persons has been previously associated with cognition, health and financial literacy, and risk aversion; however, the manner by which these resources support decision making remains unclear, as past studies have not systematically investigated the pathways linking these resources with decision making. In the current study, we use path analysis to examine the direct and indirect pathways linking age, education, cognition, literacy, and risk aversion with decision making. We also decomposed literacy into its subcomponents, conceptual knowledge and numeracy, in order to examine their associations with decision making.