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

Part of paid clinical trials in Houston, Texas.

Sponsor
The University of Texas Health Science Center, Houston
Study ID
NCT07682740
Status
Not Yet Recruiting

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Conditions

  • Financial Decision Making Among Vulnerable Older Adults

Eligibility Criteria

Sex
ALL
Age
60 Years - N/A
Healthy Volunteers
Accepted

Interventions

  • Participants receiving informational self-nudges to improve financial decision-making — BEHAVIORAL
    Participants will be asked to virtually go through financial self-nudging informational content during the week prior to completing behavioral tasks. Self-nudging informational content contains strategies to enhance financial decision-making.
  • Control - Participants receiving informational content on healthy eating and physical activity — BEHAVIORAL
    The control group will be exposed to informational content on healthy eating and physical activity (obtained through the U.S. Centers for Disease Control and Prevention and/or National Institute on Aging webpages).

Study Details

This study seeks to test novel informational content / nudge strategies to mitigate financial vulnerability among older adults.

Key Dates

Start date
Jan 1, 2027
Status verified
Jun 2026
Primary completion
Dec 1, 2027
Completion
Dec 1, 2027

Study Design

Enrollment
400 participants (estimated)
Allocation
RANDOMIZED
Intervention model
PARALLEL
Primary purpose
PREVENTION

Arms

  • Experimental: Participants receiving informational self-nudges to improve financial decision-making
    Participants will be asked to virtually go through financial self-nudging informational content during the week prior to completing behavioral tasks. Self-nudging informational content contains strategies to enhance financial decision-making.
  • Experimental: Control - Participants receiving informational content on healthy eating and physical activity
    The control group will be exposed to informational content on healthy eating and physical activity (obtained through the U.S. Centers for Disease Control and Prevention and/or National Institute on Aging webpages).

Primary Outcome Measure

Frequency of choosing the riskier option on the risk tolerance decision-making task [ Time Frame: During the time of the decision-making task (about 5-10 minutes) ]

Central Contacts

Locations (1)

FacilityCityStateZIPSite coordinators
The University of Texas Health Science Center at HoustonHoustonTexas77030-

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The University of Texas Health Science Center at Houston· Houston, TX

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