Mobile Games as Tools for Teaching Financial Literacy
Dennis Torres February 23, 2025

Mobile Games as Tools for Teaching Financial Literacy

Thanks to Sergy Campbell for contributing the article "Mobile Games as Tools for Teaching Financial Literacy".

Mobile Games as Tools for Teaching Financial Literacy

Gaming culture has transcended borders and languages, emerging as a vibrant global community that unites people from all walks of life under the banner of shared enthusiasm for interactive digital experiences. From casual gamers to hardcore enthusiasts, gaming has become a universal language, fostering connections, friendships, and even rivalries that span continents and time zones.

This study compares the educational efficacy of mobile games designed for learning with those created purely for entertainment purposes, examining their impacts on knowledge retention, critical thinking, and problem-solving skills. Drawing from educational theory, cognitive psychology, and game design, the research evaluates how various game mechanics—such as points, challenges, and feedback loops—affect learning outcomes. The paper investigates how mobile games can bridge the gap between fun and education, proposing a framework for creating hybrid games that are both enjoyable and educational. The research also addresses the challenges of assessing learning outcomes in gamified environments and the role of player motivation in educational success.

This paper examines how mobile games can enhance players’ psychological empowerment by improving their self-efficacy and confidence through gameplay. The research investigates how game mechanics such as challenges, achievements, and skill development contribute to a player's sense of mastery and competence. Drawing on psychological theories of self-efficacy and motivation, the study explores how mobile games can be designed to provide players with a sense of accomplishment and personal growth, particularly in games that focus on skill-based tasks, puzzles, and strategy. The paper also explores the impact of mobile games on players' overall well-being, particularly in terms of their confidence and ability to overcome challenges in real life.

This paper investigates the dynamics of cooperation and competition in multiplayer mobile games, focusing on how these social dynamics shape player behavior, engagement, and satisfaction. The research examines how mobile games design cooperative gameplay elements, such as team-based challenges, shared objectives, and resource sharing, alongside competitive mechanics like leaderboards, rankings, and player-vs-player modes. The study explores the psychological effects of cooperation and competition, drawing on theories of social interaction, motivation, and group dynamics. It also discusses the implications of collaborative play for building player communities, fostering social connections, and enhancing overall player enjoyment.

This paper critically analyzes the role of mobile gaming in reinforcing or challenging socioeconomic stratification, particularly in developing and emerging markets. It examines how factors such as access to mobile devices, internet connectivity, and disposable income create disparities in the ability to participate in the mobile gaming ecosystem. The study draws upon theories of digital inequality and explores how mobile games both reflect and perpetuate existing social and economic divides, while also investigating the potential of mobile gaming to serve as a democratizing force, providing access to entertainment, education, and social connection for underserved populations.

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