Proof of Concept for Financial Education in Virtual Worlds
October 10, 2018
The pilot study was conducted as culminating activity for a master's degree in learning with emerging technology from Empire State College. 17 pilot testers gathered to experience a brief lesson in budgeting before applying the knowledge in a virtual world simulation. Shoppers completed a shopping list and autonomous decisions, while following a budget and managing savings and debt. Confidence measures were collected with pre and post surveys, revealing an increase on all data points. The pilot study results support applied learning theory, immersive learning, discovery learning specifically in virtual worlds, as a tool for youth engagement in education.
Lab Ready for Pilot Testers
Teaching the 50/30/20 Budgeting Rule
Launching Testers into the Virtual World
Locating Users on Map (Green Points)
Shoppers in Department Store
Buying Groceries
Recording Transactions with Online Banking
Pilot Users' Change in Confidence - Pre and Post Pilot Comparison - 90-Minute Learning Experience
Comparison of aggregated data from the pilot study. Respondents rated their level of confidence in several areas of personal financial management behaviors. Red and blue bars represent "very confident" and "completely confident" respectively. Increased confidence levels are shown in the "Post-Pilot Survey" data.
3-Minute Overview of Pilot Study and Results
20 Images x 20 Seconds
Stylized presentation about virtual learning environments as immersive multimodal ensembles
April 2018
Status Report of Pix-Elated(TM) Virtual World Situated Learning Experience with Financial Education
Spring Semester 2018