Evidence map›Paper›PMID 40166388›Full record

SynthesisFrontiers in psychology2025

A scoping review of financial decision-making measures in midlife and beyond: results from the advancing reliable measurement in cognitive aging and decision-making ability (ARMCADA) study.

Emily H Ho, Berivan Ece, Patricia Bucko, Tatiana Karpouzian-Rogers, Sarah Pila, Zahra Hosseinian, Yasmin Hussein, S Duke Han, Peter A Lichtenberg, Aaron C Lim and 2 more

Abstract readSystematic Review
In one paragraph

Synthesis in Frontiers in psychology, 2025. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 2 papers.

0numbers the graph read from it
0cells of the map it votes in
2citing papers in PubMed
–field-weighted citation impact
1 · What the graph read from it

What it found

Each row is one number read from the abstract, on the scale the paper reported it, with its interval. Left of the dashed line favours the treatment, right favours the comparator. Under each row is the sentence it came from. New to these charts? A ten-minute tutorial.

The abstract states no effect estimate the extractor could read, or names no intervention and outcome on the map, so this paper lights no cell and moves no belief. It is still indexed, cited and linked below.

2 · The registry

The trial behind it

Trials whose registry record cites this paper, or whose number appears in the abstract. A trial that started after this paper was published is citing it as background, not reporting it.

Neither the registry nor the abstract names a trial number. If this is a trial report, that itself is worth knowing.

3 · Its place in the literature

Who cites it

2 citing papers in PubMed.

  1. Article
  2. Review
4 · The record

Corrections and comments

PubMed lists nothing against this paper. Absence here is not a guarantee, only a check that was made.

5 · Who and what money

Authors and funding

12 authors.

Emily H Ho *Department of Medical Social Sciences, Northwestern University Feinberg School of Medicine, Chicago, IL, United States.
Berivan Ece *Department of Medical Social Sciences, Northwestern University Feinberg School of Medicine, Chicago, IL, United States.
Patricia BuckoDepartment of Medical Social Sciences, Northwestern University Feinberg School of Medicine, Chicago, IL, United States.
Tatiana Karpouzian-RogersDepartment of Psychiatry and Behavioral Sciences, Northwestern University Feinberg School of Medicine, Chicago, IL, United States.
Sarah PilaDepartment of Medical Social Sciences, Northwestern University Feinberg School of Medicine, Chicago, IL, United States.
Zahra HosseinianDepartment of Medical Social Sciences, Northwestern University Feinberg School of Medicine, Chicago, IL, United States.
Yasmin HusseinDepartment of Psychology, Fordham University, New York, NY, United States.
S Duke HanDepartment of Psychology, University of Southern California, Los Angeles, CA, United States.
Peter A LichtenbergInstitute of Gerontology, Wayne State University, Detroit, MI, United States.
Aaron C LimDepartment of Psychology, University of Southern California, Los Angeles, CA, United States.
Sandra WeintraubDepartment of Psychiatry and Behavioral Sciences, Northwestern University Feinberg School of Medicine, Chicago, IL, United States.
Richard C GershonDepartment of Medical Social Sciences, Northwestern University Feinberg School of Medicine, Chicago, IL, United States.

Funding

ARMCADA - Advancing Reliable Measurement in Cognitive Aging and Decision-making AbilityU24AG082022 · NIA · NORTHWESTERN UNIVERSITY AT CHICAGO · PI RICHARD GERSHON, SANDRA WEINTRAUB · 2023 to 2026
$7.9M
Research Network on Decision Neuroscience and AgingR24AG076847 · NIA · UNIVERSITY OF TEXAS DALLAS · PI Nichole Lighthall, Kendra Leigh Seaman · 2022 to 2026
$1.9M
NIA NIH HHS R24 AG076847NIA NIH HHS U24 AG082022
6 · The paper itself

Abstract

Background: Cognitive decline in older adults affects key functions such as memory, concentration, planning, reasoning, and decision-making (DM). This decline in cognitive abilities compromises basic DM skills, with growing evidence that DM can decline before noticeable impairment or an official cognitive impairment diagnosis, adversely impacting quality of life and leading to negative outcomes in financial management and daily activities. Objective: This scoping review aims to identify and evaluate existing measures of financial decision-making (FDM) abilities in clinical and community-dwelling populations aged 45 and older. Methods: We conducted a systematic search in EMBASE (Elsevier), PsycINFO, PubMed, MEDLINE, PsychARTICLES, and Web of Science for studies published between January 2018 and November 2023. The multi-domain scoping review yielded 16,278 records. Title and abstract, as well as full-text screenings, respectively, were completed by two reviewers and conflicts were resolved by PhD level researchers. We then extracted data from the full-text articles. Results: The scoping review yielded 154 articles with 96 unique measures. The most frequently used measures were variations of the Iowa Gambling Task (IGT), The Legal Capacity for Property Law Transactions Assessment Scale (LCPLTAS), the Decision-making Competence Assessment Tool (DMCAT), the temporal discounting paradigm, and the Short Form version of the Financial Capacity Instrument (FCI-SF). Commonly used measures of financial decision-making (FDM) often assessed specific aspects, such as risk-taking behavior and basic financial knowledge. Discussion: Many of the FDM measures found in this scoping review were developed for use in laboratory settings, and less is known about potential for clinical use adaptation. Future work addressing this measurement gap could significantly enhance early interventions to ameliorate or mitigate decline, thereby improving financial management and quality of life for at-risk individuals.

Indexed as

agingAlzheimer’s diseasecognitive impairmentdementiafinancial decision-makingfinancial managementhealthy agingneurocognitive disorders

Identifiers

PMID40166388
PMCPMC11955626

What Socratic holds

Textmetadata
LicenceCC BY
Read underepoch 390

Registered trials

None linked

Read under generation 80e0d062 · epoch 390. Bibliography from PubMed, PubMed Central and OpenAlex; grants from NIH RePORTER; trial links from ClinicalTrials.gov; estimates, votes and beliefs from the Socratic graph.