Financial and Life Planning Resource Directory
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Mind
Mind: Orientation toward the future, planning
Sundstrom, Eric, et al, My Next Phase
Springboard Press, 2007, $24.99 (U.S.)
The authors discuss seven pscyhological attributes that affect how people deal with retirement. They provide quizzes to help the reader place him/herself along each of these dimensions, and discuss the relevance of different results.
Zurlo, Karen A., Personal Attributes and the Financial Well-Being of Older Adults: The Effects of Control Beliefs
Penn Population Aging Research Center, September 2009, Free
http://repository.upenn.edu/parc_working_papers/27/
Zurlo shows a correlation between a general sense of control and also a sense of control over one’s finances, on the one hand, with a sense of financial well-being, on the other hand.
Mind: Mental illnesses
Mind: Mental exercise
Basak, Chandramallika, et al, "Can Training in a Real-Time Strategy Video Game Attenuate Cognitive Decline in Older Adults?", Psychology and Aging, December 2008 (Vol. 23, No. 4)
http://psycnet.apa.org/index.cfm?fa=main.doiLanding&uid=2008-19072-010
The authors find that playing video games can improve executive control functions, such as task switching, working memory, visual short-term memory, and reasoning in older adults.
Buschkuehl, Martin, et al , "Impact of Working Memory Training on Memory Performance in Old-Old Adults", Psychology and Aging, December 2008 (Vol. 23, No. 4)
http://psycnet.apa.org/index.cfm?fa=main.doiLanding&uid=2008-19072-008
The authors found that memory training had an immediate, positive effect on the ability of elderly people to remember, but also that the effect was not long-lasting.
Carlson, Michelle C., et al, "Evidence for Neurocognitive Plasticity in At-Risk Older Adults: The Experience Corps Program", Journals of Gerontology Series A: Bio-logical Sciences and Medical Sciences, December 2009 (Vol. 64A, No. 12)
http://biomedgerontology.oxfordjournals.org/cgi/content/abstract/64A/12/1275
Carlson et al find positive support for use-dependent brain plasticity in later life.
Green, C.S., and Bavelier, D. , "Exercising Your Brain: A Review of Human Brain Plasticity and Training-Induced Learning", Psychology and Aging, December 2008 (Vol. 23, No. 4)
http://psycnet.apa.org/index.cfm?fa=main.doiLanding&uid=2008-19072-003
Green and Bavelier focus on characteristics of training regimens that may be responsible for augmented learning, including the manner in which task difficulty is progressed, the motivational state of the learner, and the type of feedback the training provides.
Rohwedder, Susann, and Willis, Robert J., Rohwedder
RAND Corporation, October 2009, Free
http://www.rand.org/pubs/working_papers/2009/RAND_WR711.pdf
Noting that retirement can lead to a less stimulating daily environment as well as a reduced incentive to engage in mentally stimulating activities, the authors present data indicating that early retirement has a significant negative impact on the cognitive ability of people in their early 60s.
Van Pelt, Jennifer, "Sharpening the Aging Brain", Aging Well, Summer 2008
Van Pelt discusses the importance of brain exercise, and reviews some of the more widely used methods.
Van Pelt, Jennifer, "Brain Fitness Games: The Real Deal", Aging Well, Winter 2010 (Vol. 3, No. 1)
http://www.agingwellmag.com/archive/020110p22.shtml, Free
Van Pelt explores recent interest in, and growing skepticism about, the use of challenging mental games to help promote brain fitness.
Mind: Aging process (mental, neurological)
Mind: Attitude / Emotion / Happiness
Mind: Decision-making style
Hansson, Patrick, et al, "Adult Age Differences in the Realism of Confidence Judgments: Overconfidence, Format Dependence, and Cognitive Predictors", Psychology and Aging, September 2008 (Vol 23, No. 3)
http://psycnet.apa.org/index.cfm?fa=main.doiLanding&uid=2008-13050-005
The authors find that older adults exhibit more overconfidence in decision-making, but may compensate for it with greater knowledge.
Marion, Jack, "Can Seniors Make Wise Decisions?", Integrative Adviser, August 2008 (Vol. 1, No. 2)
http://www.aiflp.org/pdfs/IntegrativeAdviserNo0102.pdf
Analyzes recent literature, concluding that decision-making powers probably do get worse for some other-wise normal seniors. More research is needed on both the magnitude and tim-ing of age impaired decision-making as well as developing ways to cope with the impairment.
Morin, Rich, and Cohn, D'Vera , Women Call the Shots at Home; Public Mixed on Gender Roles in Jobs
Pew Research Center, September 25, 2008
http://pewresearch.org/pubs/967/gender-power
Morin and Cohn's report shows that in married couples women tend to make more of the decisions, including financial ones.
Reed, Andrew E., et al, "Older Adults Prefer Less Choice than Young Adults", Psychology and Aging, September 2008 (Vol 23, No. 3)
http://psycnet.apa.org/index.cfm?fa=buy.optionToBuy&id=2008-13050-018
Older adults demonstrated a distinct preference for fewer choices than younger adults, in six different domains tested by the authors.
Seymour, Ben, and Dolan, Ray, "Emotion, Decision Making, and the Amygdala", Neuron, June 2008 (Vol. 58, No. 5)
Seymour and Dolan suggest that influences that are often assumed to be emotional are actually Pavlovian responses that reflect prior experience, and that their influence in making economic decisions may be more beneficial than harmful.
Torke, Alexia M., et al, "Substituted Judgment: The Limitations of Autonomy in Surrogate Decision Making", Journal of Internal Medicine, September 2008
http://www.springerlink.com/content/m732r10050300047/?p=0e390451d64247feb2dd28382851974b&pi=36
The authors argue that the use of “substituted judgment” where advance directives have not been provided is “insurmountably flawed” and that alternatives (of which they suggest two) should be considered.
Mind: Other / general / not specified