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Game-based Learning Across the DisciplinesApplying Insights from Behavioral Finance and Learning Theory in Designing a Financial Education Serious Game for Secondary School Students

Game-based Learning Across the Disciplines: Applying Insights from Behavioral Finance and... [Financial literacy, the ability to handle money and financial matters, is considered a twenty-first-century skill. However, traditional financial education programs show insufficient success in promoting financial literacy, as they neglect financial decisions in particular. Serious games are a promising way to meet these challenges. This chapter describes the development of a serious game that aims to promote short-term financial decisions. To simulate real financial decisions, insights from behavioral finance, theories of learning and motivation, and game design were merged. This chapter will discuss why these theories are suitable for financial education and the extent to which these theories were taken into account in the development of the financial education serious game. The final game is presented, and the theories considered in the game are discussed.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Game-based Learning Across the DisciplinesApplying Insights from Behavioral Finance and Learning Theory in Designing a Financial Education Serious Game for Secondary School Students

Part of the Advances in Game-Based Learning Book Series
Editors: Aprea, Carmela; Ifenthaler, Dirk
Schultheis, Julia; Aprea, Carmela
Game-based Learning Across the Disciplines — Aug 3, 2021
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21 pages

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References (33)

Publisher
Springer International Publishing
Copyright
© The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2021
ISBN
978-3-030-75141-8
Pages
3 –24
DOI
10.1007/978-3-030-75142-5_1
Publisher site
See Chapter on Publisher Site

Abstract

[Financial literacy, the ability to handle money and financial matters, is considered a twenty-first-century skill. However, traditional financial education programs show insufficient success in promoting financial literacy, as they neglect financial decisions in particular. Serious games are a promising way to meet these challenges. This chapter describes the development of a serious game that aims to promote short-term financial decisions. To simulate real financial decisions, insights from behavioral finance, theories of learning and motivation, and game design were merged. This chapter will discuss why these theories are suitable for financial education and the extent to which these theories were taken into account in the development of the financial education serious game. The final game is presented, and the theories considered in the game are discussed.]

Published: Aug 3, 2021

Keywords: Game-based learning; Game design; Financial education; Financial literacy; Behavioral finance

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