Tag: overconfidence
![Smiling woman eating green apple.](https://crr.bc.edu/wp-content/uploads/2022/11/health_long-term_care_3-1536x864.jpg)
Abstract Financial fraud is a major threat to older Americans, and this problem is expected to grow as the baby boom generation retires and more retirees manage their own retirement accounts. We use a unique dataset to examine the causes and consequences of financial fraud among older Americans. First, we find that decreasing cognition is…