Enhancing Financial Literacy and Decision-Making Through Gamified Learning: An Empirical Investigation of User Engagement, Effectiveness, and Feedback

Abstract

This paper presents a comprehensive exploration of gamified financial education's impact on decision-making skills and financial literacy [5]. The introduction contextualizes the significance of effective financial decision-making in a complex economy [4]. The methodology outlines the creation of a gamified financial simulation and the design of an external feedback survey [6]. Two experiments were conducted: the first demonstrated improved decision-making skills through active engagement in the simulation, while the second garnered external perspectives on the program's effectiveness, highlighting increased financial awareness and engagement [7]. Results indicated enhanced post-assessment scores and practical application of financial strategies. External feedback emphasized moderate enjoyment and identified areas for improvement, particularly in investment clarity and realism. Collectively, these findings underline the potential of gamified approaches for financial education, suggesting avenues for refinement to optimize user experience and learning outcomes [8].