Date of Graduation

5-18-2024

Document Type

Thesis

Degree Name

Master of Science in International and Development Economics (MSIDEC)

College/School

College of Arts and Sciences

Department/Program

Economics

First Advisor

Bruce Wydick

Abstract

The financial literacy game was part of a financial literacy intervention that was conducted in Karnataka, India. Rural women participated in playing the game for four weeks. Using a fixed effects model at the subject level, the game was measured by three outcomes. These outcomes consist of the rate of type one errors, type two errors and the rate of going bankrupt that could occur for players when playing the financial literacy game. With type one errors, we find that adding one more unit on the return on investment (roi) would lead to about a 1.59 percent decrease in type one errors to occur in the financial literacy game. When the return on investment increases for players, this decreases the rate of type one errors that players will receive when playing the game. During week four, we can expect about 12.29 percent of type two errors to occur in the game. As the weeks progress, women are missing out on buying good animals that can give them a positive income. Players that play the financial literacy game in week four are 15.67 percent less likely to experience going bankrupt. As the weeks progress, women learn to stay away from going bankrupt when playing the financial literacy game.

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