Smart tools? A randomized controlled trial on the impact of three different media tools on personal finance
| Autor: | Stefan Angel |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2018 |
| Předmět: |
Finance
Economics and Econometrics Nudge theory business.industry media_common.quotation_subject 05 social sciences Psychological intervention 502046 Volkswirtschaftspolitik General Social Sciences Current account 502046 Economic policy Test (assessment) Information and Communications Technology Debt 0502 economics and business Financial literacy 050211 marketing The Internet 050207 economics business Psychology Applied Psychology media_common |
| Zdroj: | Journal of Behavioral and Experimental Economics. 74:104-111 |
| ISSN: | 2214-8051 2214-8043 |
| Popis: | By using a randomized controlled trial we test the impact of three treatments on financial literacy (knowledge, attitudes, reported behavior) among adolescents in Austria. Treatments comprise a documentary movie on debt, an internet exercise and a budgeting smartphone app. It is investigated if particularly the latter two instruments could serve as standalone alternatives (nudges) to conventional teaching interventions. Users of the budgeting app report to check their current account balance significantly more often than the control group. The web exercise, however, neither raises interest in personal finance issues nor significantly increases basic financial knowledge. The documentary movie did not affect attitudes towards saving or private credits. Even if it is only about raising awareness and interest in financial matters among adolescents, the ICT applications tested in this study thus do not lend strong support to policies solely relying on digital “stand-alone” solutions of similar design. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
|
Full Text from ScienceDirect