The Impact of Gamified Learning on Financial Literacy and Behavioral Change

This study explores the impact of gamified teaching on financial and investment education, focusing on its effectiveness in enhancing financial knowledge, motivating learning, and influencing investment behavior. Results show a 31% improvement in participants' financial knowledge, with average test scores increasing from 65.3 to 85.7. Gamified elements, such as competitive games and storybooks, boosted engagement (87%) and reduced learning anxiety (78%). Behavioral changes were also observed, with 72% applying learned knowledge to simulated investments and 46% entering the investment market for the first time. Qualitative feedback highlighted the effectiveness of tools like interactive chatbots and story-based games in lowering learning barriers and increasing enjoyment. This research demonstrates that gamified workshops provide an innovative and impactful approach to financial education, fostering both knowledge acquisition and behavioral transformation while enhancing overall learning experiences.

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Publication Details

Published
2025-05-14
DOI
https://doi.org/10.1109/icaie64856.2025.11158633
Primary Topic
Financial Literacy and Behavior
Type
article
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article

The Impact of Gamified Learning on Financial Literacy and Behavioral Change

Chia-Hao Chiu
Financial Literacy and Behavior
article

The Impact of Gamified Learning on Financial Literacy and Behavioral Change

Chia-Hao Chiu
article en

Abstract

This study explores the impact of gamified teaching on financial and investment education, focusing on its effectiveness in enhancing financial knowledge, motivating learning, and influencing investment behavior. Results show a 31% improvement in participants' financial knowledge, with average test scores increasing from 65.3 to 85.7. Gamified elements, such as competitive games and storybooks, boosted engagement (87%) and reduced learning anxiety (78%). Behavioral changes were also observed, with 72% applying learned knowledge to simulated investments and 46% entering the investment market for the first time. Qualitative feedback highlighted the effectiveness of tools like interactive chatbots and story-based games in lowering learning barriers and increasing enjoyment. This research demonstrates that gamified workshops provide an innovative and impactful approach to financial education, fostering both knowledge acquisition and behavioral transformation while enhancing overall learning experiences.

Soochow University (TW)
Openalex Percentile: Top 62%
Financial Literacy and Behavior
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