HOW EFFECTIVE IS BOARD GAMIFICATION, USING NUDGING PRINCIPLES, IN PROMOTING FINANCIAL LITERACY AMONG CHILDREN?

Haider Nafees Ahmed
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Haider Nafees Ahmed: Student at Kaizen High & Junior School, Lahore, Pakistan

Bulletin of Business and Economics (BBE), 2023, vol. 12, issue 2, 302-307

Abstract: This paper discusses the efficacy of a gamified approach to promoting financial literacy and sound financial decision-making in children between the ages of twelve and eighteen. The study employs a specifically designed board game targeted to a Pakistani audience focusing on key principles in investing, ownership, and financial resource allocation. Trial runs were organized at a local school in a community with relatively fair representation across economic strata, and the results obtained show a marked increase in financial intuition in children in higher age brackets, with uptake decreasing roughly proportional to a decrease in age. Considerations for the level of complexity and quantifiable analysis of the results obtained have been discussed below.

Keywords: board gamification; nudging principles; financial literacy (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:rfh:bbejor:v:12:y:2023:i:2:p:302-307

DOI: 10.61506/01.00003

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