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How Effective Is Board Gamification, Using Nudging Principles, In Promoting Financial Literacy Among Children?

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  • HAIDER NAFEES AHMED

    (Student at Kaizen High & Junior School, Lahore, Pakistan)

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.

Suggested Citation

  • Haider Nafees Ahmed, 2023. "How Effective Is Board Gamification, Using Nudging Principles, In Promoting Financial Literacy Among Children?," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 12(2), pages 302-307.
    • Handle: RePEc:rfh:bbejor:v:12:y:2023:i:2:p:302-307
    DOI: https://doi.org/10.61506/01.00003
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