Is financial literacy improved by participating in a stock market game?
Author ORCID Identifier
John Harterhttps://orcid.org/0000-0001-7500-6712
Department
Business
Document Type
Article
Publication Date
6-1-2010
Abstract
This study investigates the effectiveness of the Stock Market Game (SMG) in improving student scores on a general multiple-choice test covering basic financial concepts. Teachers in the test group used the Stock Market Game and a complementary curriculum in class while teachers in the control group did not. Students in both groups completed the same online pre- and post-tests, demographic surveys, and math aptitude tests. The results of ordinary least squares regression show that playing SMG along with teaching seven general lessons from the Learning from the Market curriculum improves student performance on the financial literacy assessment.
Recommended Citation
Harter, John R.F. and Harter, Cynthia, "Is financial literacy improved by participating in a stock market game?" (2010). EKU Faculty and Staff Scholarship. 589.
https://encompass.eku.edu/fs_research/589
Journal Title
Journal for Economic Educators