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. Author manuscript; available in PMC: 2016 Nov 1.
Published in final edited form as: Manage Sci. 2014 Oct 29;61(11):2603–2610. doi: 10.1287/mnsc.2014.2010

Table 3.

The Components of Global Cognition

Decrease in Cognition

Initial Level Change

Episodic Memory 0.32 (0.74) −0.30 (0.42)
Perceptual Speed 0.09 (0.78) −0.31 (0.46)
Semantic Memory 0.22 (0.62) −0.21 (0.39)
Visuospatial Ability 0.24 (0.74) −0.26 (0.61)
Working Memory 0.15 (0.74) −0.22 (0.49)
Numeracy Change Knowledge Change


Estimate SE p-value Estimate SE p-value


Episodic Memory Decrease 0.725*** 0.242 0.00 0.294 0.213 0.17
Intercept 0.173 0.130 0.18 0.024 0.114 0.83

Perceptual Speed Decrease 0.369* 0.219 0.09 0.212 0.191 0.27
Intercept −0.022 0.122 0.86 0.013 0.107 0.90

Semantic Memory Decrease 0.404 0.300 0.17 0.632** 0.246 0.01
Intercept 0.065 0.134 0.63 0.203* 0.112 0.07

Visuospatial Ability Decrease 0.472** 0.212 0.03 0.024 0.194 0.90
Intercept 0.136 0.143 0.34 −0.060 0.131 0.65

Working Memory Decrease 0.333 0.254 0.19 0.153 0.211 0.47
Intercept −0.017 0.145 0.68 −0.010 0.120 0.42

This table presents summary statistics and regression results for the effect of cognitive changes within each of the five domains on the components of financial literacy, numeracy and knowledge. Cognition Decrease provides the association of the change in cognitive domain score with the change in the specified component of financial literacy only among the subset of participants who experience a decrease in cognition.

*, **, and *** indicate statistically significant at the 10%, 5%, and 1% level respectively