Gamifying Finance Education: How Interactive Finance Gaming Platforms Can Improve Investment Decisions

Abstract

All around the world, Finance Education remains a challenge. However, gamified Finance Education platforms present an ideal solution to the problem. They serve as a way to bridge the gap that exists between the current understanding (or lack thereof) of personal finance and the basic levels of knowledge necessary to make sound financial decisions. To address this, this research addresses how these interactive platforms offer the opportunity to invest fictional assets in a completely virtual world of a national economy where good investment bets make the player—now acting as a capitalist—a lot of money. Platforms such as these allow gamers to learn about the importance of diversification, the difficulty of timing the market if one isn’t taking a long view, and a number of other essential finance and investing concepts.

Additionally, this research evaluates the results of quantitative techniques to compare whether the use of gaming platforms increases financial knowledge, behaviors, and investment decisions to pre-gaming levels. Ultimately, the research seeks to improve the financial approach among different individuals through Gaming.