Are Older People Aware of Their Cognitive Decline? Misperception and Financial Decision-Making

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 […] The post Are Older People Aware of Their Cognitive Decline? Misperception and Financial Decision-Making appeared first on M