Tommasi, F, Ceschi, A, Weller, J orcid.org/0000-0002-1640-9412 et al. (4 more authors) (2021) An empirical evaluation of tech interventions to improve financial decision-making. European Journal of Training and Development, 45 (6/7). pp. 633-649. ISSN 2046-9012
Abstract
Purpose
This paper aims to empirically compare the degree to which two technological interventions, based on the computer-supported collaborative learning (CSCL) and the technology acceptance model (TAM), were associated with a different incidence of financial biases.
Design/methodology/approach
The study adopted a quasi-experimental research design. The authors randomly assigned the participants (N = 507) to one of two training conditions or a control group, and in turn, we assessed the incidence of financial biases after the training interventions.
Findings
Participants who took part in the TAM-based group reported lower financial biases than those in the CSCL-based training group and the control group.
Research limitations/implications
Literature suggests that two educational approaches, i.e. the CSCL and the TAM, can implement individuals’ financial decision-making. These educational approaches involve technology to support individuals in reducing the incidence of cognitive biases. This study contributes by advancing empirical evidence on technological supports for interventions to improve financial decision-making.
Practical implications
Suboptimal decision-making may lead to adverse consequences both at the individual and social levels. This paper contributes to the literature on debiasing interventions by offering initial evidence on technological-based interventions in the domain of financial decision-making. The authors discuss the application of this evidence in lifelong training.
Originality/value
This study provides evidence on how different technological interventions are associate with a lower incidence of financial biases.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2021, Emerald Publishing Limited. This is an author produced version of an article published in European Journal of Training and Development. Uploaded in accordance with the publisher's self-archiving policy. |
Keywords: | Financial decision-making; Financial biases; Educational tech interventions; Debiasing; Simulation training |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Business (Leeds) > Management Division (LUBS) (Leeds) > Management Division Decision Research (LUBS) |
Depositing User: | Symplectic Publications |
Date Deposited: | 21 Sep 2021 10:53 |
Last Modified: | 25 Jun 2023 22:46 |
Status: | Published |
Publisher: | Emerald |
Identification Number: | 10.1108/EJTD-11-2020-0169 |
Related URLs: | |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:178187 |