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Cited by 199Financial Literacy, Pension, Retirement AnalysisDecision-Making and Behavioral EconomicsFinancial Literacy and Behavior

The DOI matches its Crossref record; 48 of the 49 references it cites were found in a registry or an index.

Measuring financial anxiety.

Open access
Shapiro, Gilla K., Burchell, Brendan J.·2012·Journal of Neuroscience, Psychology, and Economics
DOI 10.1037/a0027647
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Abstract

There is a scarcity of information concerning the emotional aspects of financial management.Two studies were conducted to evaluate the measurement of conscious and intuitive emotional anxiety toward one's personal finances.Along with a selfreported financial anxiety questionnaire, a modified Emotional Stroop Test (EST) and Dot-Probe Paradigm (DPP) were separately utilized to evaluate financial anxiety.In both studies, the self-reported financial anxiety questionnaire correlated significantly with the implicit measures.Furthermore, the DPP was predominantly characterized by avoidance of financial information.Financial anxiety was shown to be a separate construct from depression and general anxiety.These findings indicate that those who report having financial anxiety also display reaction latencies in the processing of financial information.Accordingly, financial behavior could be more comprehensively evaluated and policy could be better determined by incorporating financial anxiety into economic models of financial illiteracy, mismanagement, and debt.

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Crossref · 10.1037/a0027647

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  • Students with higher levels of financial anxiety paid relatively high attention to money-related cues.

    “Similarly, students with higher levels of financial anxiety paid relatively high attention to money-related cues (Shapiro and Burchell 2012).”

    From Poverty and economic decision making: a review of scarcity theory (2022) · cites this paper as Shapiro and Burchell 2012

    The Discussion (page unavailable) says the dot-probe results showed avoidance rather than vigilance toward financial words, particularly among financially anxious participants. Although Study 1 found a processing bias for financial words, the paper says that test cannot establish whether the bias reflects attention toward or avoidance of them. (LLM, conf=0.88)

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Citations

Cites

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1 of the 49 references couldn’t be matched to a known paper.

Research works printed but not linked: 4

  1. Ackert, L. F., Church, B. K., & Deaves, R. (2003). Emo- tion and financial markets. Federal Reserve Bank of Atlanta Economic Review, 88, 33-41. Retrieved from http://www.frbatlanta.org/filelegacydocs/ackert_ q203.pdf
  2. MacLeod, C., Mathews, A., & Tata, P. (1986). At- tentional bias in the emotional disorders. Journal of Abnormal Psychology, 95, 15-20.
  3. Pflugshaupt, T., Mosimann, U. P., von Wartburg, R., Schmitt, W., Nyffeler, T., & Muri, R. M. (2005). Hypervigilance-avoidance pattern in spider pho- bia. Journal of Anxiety Disorders, 19, 105-116.
  4. Yamauchi, K., & Templer, D. (1982). The develop- ment of a money attitudes scale. Journal of Per- sonality Assessment, 46, 522-528.

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Metadata

Authors
Shapiro, G. K., & Burchell, B. J.
Affiliations
  • London School of Economics and Political Science (GB)
  • University of Cambridge (GB)
ORCID
Venue
Journal of Neuroscience, Psychology, and Economics
Publisher
American Psychological Association (APA)
Published
2012-05
Volume
5
Issue
2
Pages
92-103
ISSN
  • 1937-321X (ISSN-L)
  • 2151-318X
DOI
10.1037/a0027647
OpenAlex
W2006784837
Cited by
184
References
49
Citations by year
2026: 23 · 2025: 19 · 2024: 17 · 2023: 25 · 2022: 16 · 2021: 23 · 2020: 16 · 2019: 14 · 2018: 8 · 2017: 6 · 2016: 5 · 2015: 5 · 2014: 2 · 2013: 5
FWCI
14.86
Type
journal article
Language
en
Open access
Locations
  • Journal of Neuroscience Psychology and Economics (publishedVersion)
  • Apollo (University of Cambridge) (submittedVersion)
Topics
  • Social Sciences › Economics, Econometrics and Finance › Finance › Financial Literacy, Pension, Retirement Analysis
  • Social Sciences › Decision Sciences › General Decision Sciences › Decision-Making and Behavioral Economics
  • Social Sciences › Business, Management and Accounting › Accounting › Financial Literacy and Behavior
Keywords
financial anxiety, implicit emotional processing, emotional Stroop task, dot-probe task, financial behavior, financial illiteracy, depression, general anxiety

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