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                            Library & Multimedia
 Reliability and Validity of the Lichtenberg Financial Decision Screening Scale
NCJ Number
              255258
Journal

*Innovation in Aging* Volume: 1 Issue: 1 Dated: 2017
Author(s)
          Peter A. Lichtenberg;
                        Jeanne A. Teresi;
                        Katja;
                        Katja Ocepek-Welikson;
                        Joseph P. Eimicke
Date Published

2017
Length
              10 pages
Annotation
              Using a sample of 213 participants, this study investigated the internal consistency of the Lichtenberg Financial Decision Screening Scale (LFDSS), a new tool for assessing financial decisionmaking and preventing financial exploitation, and its criterion validity based on ratings by professionals using the scale.
Abstract
              Using a sample of 213 participants, this study investigated the internal consistency of the Lichtenberg Financial Decision Screening Scale (LFDSS), a new tool for assessing financial decisionmaking and preventing financial exploitation, and its criterion validity based on ratings by professionals using the scale. ABST The scarcity of empirically validated assessment instruments continues to impede the work of professionals in a number of fields, including medicine, finance, and estate planning; adult protective services; and criminal justiceand, more importantly, it impedes their ability to effectively assist and, in some cases, protect their clients. Other professionals (e.g., legal, financial, medical, mental health services) are in a position to prevent financial exploitation and would benefit from access to new instruments. The Lichtenberg Financial Decision Screening Scale (LFDSS) was introduced in 2016, along with evidence for its convergent validity (Lichtenberg, P. A., Fickern, L., Rahman-Filipiak, A., Tatro, R., Farrell, C., Speir, J. J., ... Jackman, J. D. (2016b)). Results of the current evaluation demonstrate that the LFDSS has excellent internal consistency and clinical utility properties. This assessment supports the use of the LFDSS as a reliable and valid instrument. The LFDSS and instructions for its use are included in the article, along with information about online tools and support. 5 tables, 3 figures, and 21 references (publisher abstract modified)
      
  
          Additional Details
Grant Number(s)
        2014-MU-CX-0001


  
  
        
  Agencies
        NIJ-Sponsored


  
  
        
  Publication Type
        Research (Applied/Empirical)
                                Report (Study/Research)
                                Report (Grant Sponsored)
                                Program/Project Description


  
  
        
  Award
        Integrating Improved Assessments of Financial Judgment: Conceptual and Measurement Advances
    
  
  
Date Published: January 1, 2017
    
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