Is financial literacy improved by participating in a stock market game?

Author ORCID Identifier

John HarterORCID iD iconhttps://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.

Journal Title

Journal for Economic Educators

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