Good Advice, Good Outcomes? How Financial Advice-Seeking Relates to Self-Perceived Financial Well-Being

2013 ◽  
Author(s):  
Maximilian D. Schmeiser ◽  
Jeanne M. Hogarth
Keyword(s):  
Well Being ◽  
Financial Advice ◽  
Advice Seeking ◽  
Good Advice

scholarly journals Good Advice is Beyond All Price, but What if it Comes from a Machine?

2018 ◽  
Author(s):  
Nicholas Hertz ◽  
Eva Wiese
Keyword(s):  
Advice Seeking ◽  
Human Partner ◽  
The Social ◽  
Good Advice ◽  
Analytical Task ◽  
Computer Agents

As nonhuman agents become integrated into the workforce, the question becomes whether humans are willing to consider their advice, and to what extent advice-seeking depends on the perceived agent-task fit. To examine this, participants performed social and analytical tasks and received advice from human, robot, and computer agents in two conditions: in the Agent First condition, participants were first asked to choose advisors and were then informed which task to perform; in the Task First condition, they were first informed about the task and then asked to choose advisors. In the Agent First condition, we expected participants to prefer human to non-human advisors, and to subsequently trust their advice more if they were assigned the social as opposed to the analytical task. In the Task First condition, we expected advisor choices to be guided by stereotypical assumptions regarding the agents’ expertise for the tasks, accompanied by higher trust in their suggestions. The findings indicate that in the Agent First condition, the human was chosen significantly more often than the machines, while in the Task First condition advisor choices were calibrated based on perceived agent-task fit. Trust was higher in the social task, but only showed variations with the human partner.

Characteristics of ETF Owners: Exploring the Role of Investor Knowledge, Fee Aversion, and Financial Advice Seeking

2018 ◽  
Author(s):  
Shane Enete ◽  
Miranda Reiter ◽  
Wendy Usrey ◽  
Andrew Scott ◽  
Martin Seay
Keyword(s):  
Financial Advice ◽  
Advice Seeking

Financial Advice Seeking: A Review of the Barriers and Benefits

2020 ◽  
Vol 39 (4) ◽  
pp. 367-388 ◽  
Author(s):  
Steffen Westermann ◽  
Scott J. Niblock ◽  
Jennifer L. Harrison ◽  
Michael A. Kortt
Keyword(s):  
Financial Advice ◽  
Advice Seeking

Seeking Financial Advice and Other Desirable Financial Behaviors

2018 ◽  
Vol 29 (2) ◽  
pp. 198-207 ◽  
Author(s):  
Keith A. Moreland
Keyword(s):  
Well Being ◽  
Study Data ◽  
Financial Knowledge ◽  
Financial Behaviors ◽  
Financial Advice ◽  
Financial Decision Making ◽  
Potential Source ◽  
Relevant Variables ◽  
Financial Decision ◽  
Two Measures

Advice from financial counselors is one potential source for improving financial behaviors and well-being among clients and within their communities. This study examined whether obtaining financial advice is associated with other personal financial behaviors. Analysis of National Financial Capability Study data showed that obtaining advice is positively associated with financial behaviors while controlling for other relevant variables, including two measures of financial knowledge. The results also indicated greater benefits from obtaining advice for those with less financial knowledge. The findings suggest that efforts by financial counselors to provide financial advice to clients and others through service activities can improve financial decision-making in their communities including by those who can benefit the most.

Financial Literacy and Financial Advice Seeking in an Ageing Australia

2013 ◽  
Author(s):  
Paul Gerrans ◽  
Douglas A. Hershey
Keyword(s):  
Financial Literacy ◽  
Financial Advice ◽  
Advice Seeking

The Dynamics of Dementia Communication

2020 ◽  
Author(s):  
Alison Wray
Keyword(s):  
Well Being ◽  
Memory Systems ◽  
Dementia Care ◽  
Social Perceptions ◽  
Social And Emotional ◽  
Emotional Factors ◽  
Good Advice ◽  
Pragmatic Reasoning ◽  
Shed Light

Despite a plethora of good advice, it can be hard to sustain effective communicative behaviours when someone is living with a dementia. This book asks why that is. Part 1 explores how various dementia-causing diseases affect the linguistic, pragmatic (reasoning), and memory systems; how social perceptions and practices exacerbate the underlying biological problems; how people living with a dementia describe their experiences; and how dementia care currently addresses the challenges of communication. Part 2 asks why people communicate and what shapes how they communicate. The Communicative Impact model of communication is introduced and theoretically justified. It is argued that all communication is driven by people’s desire to make beneficial changes to their experiential world by getting the hearer to do, say, think, or feel something. Part 3 applies the model from part 2 to the range of considerations explored in part 1, helping readers see how and why communication is undermined and reshaped by the various biological, social, and emotional factors underlying the dementia experience. The model is used to shed light on how people living with a dementia are perceived and, as a result, treated, with particular attention to the acceptability of (well-intentioned) deception. The final chapter asks what needs to change if communication and well-being are to be optimized for people living with a dementia. In pursuit of truly person- and relationship-centred care, proposals for advanced skills in communication with a person living with a dementia are presented and explained, helping anchor the ubiquitous dos and don’ts in a deeper understanding of why interaction is difficult.

Network measures of advice-seeking and resource sharing are related to well-being in recovery homes

2020 ◽  
pp. 102970
Author(s):  
Leonard A. Jason ◽  
Mayra Guerrero ◽  
Meghan Salomon-Amend ◽  
Gabrielle Lynch ◽  
Ed Stevens ◽  
...  
Keyword(s):  
Resource Sharing ◽  
Well Being ◽  
Network Measures ◽  
Advice Seeking ◽  
Recovery Homes

Retirement Income Beliefs and Financial Advice Seeking Behaviors

2021 ◽  
Author(s):  
Alejandro Murguia ◽  
Wade D. Pfau
Keyword(s):  
Retirement Income ◽  
Financial Advice ◽  
Advice Seeking
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