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Can artificial intelligence help improve the financial literacy of primary schools’ students?

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Listed:
  • Bojidara Doseva
  • Catherine Dehon
  • Antonio Estache

Abstract

The paper reports the results of an experiment designed to compare the impact on financial literacy skills of primary school students of a switch from a traditional pedagogical approach supported by textbooks to one relying on AI-supported methods favoring the gamification of the learning process. The study focuses on 152 students aged 8 to 11 distributed across six classes in a Bulgarian public school. The results show an important statistically significant literacy improvement for the treatment group. It also discusses the contextual dimensions accounted for in control variables that may lead to outcome differences according to the families’ socio-economic background.

Suggested Citation

  • Bojidara Doseva & Catherine Dehon & Antonio Estache, 2025. "Can artificial intelligence help improve the financial literacy of primary schools’ students?," Working Papers ECARES 2025-13, ULB -- Universite Libre de Bruxelles.
    • Handle: RePEc:eca:wpaper:2013/394559
    as

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    References listed on IDEAS

    as
    1. Skagerlund, Kenny & Lind, Thérèse & Strömbäck, Camilla & Tinghög, Gustav & Västfjäll, Daniel, 2018. "Financial literacy and the role of numeracy–How individuals’ attitude and affinity with numbers influence financial literacy," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 74(C), pages 18-25.
    2. Sconti, Alessia, 2022. "Digital vs. in-person financial education: What works best for Generation Z?," Journal of Economic Behavior & Organization, Elsevier, vol. 194(C), pages 300-318.
    3. Berry, James & Karlan, Dean & Pradhan, Menno, 2018. "The Impact of Financial Education for Youth in Ghana," World Development, Elsevier, vol. 102(C), pages 71-89.
    4. Iterbeke, Kaat & De Witte, Kristof & Declercq, Koen & Schelfhout, Wouter, 2020. "The effect of ability matching and differentiated instruction in financial literacy education. Evidence from two randomised control trials," Economics of Education Review, Elsevier, vol. 78(C).
    5. Frisancho, Veronica, 2020. "The impact of financial education for youth," Economics of Education Review, Elsevier, vol. 78(C).
    6. Kaiser, Tim & Menkhoff, Lukas, 2020. "Financial education in schools: A meta-analysis of experimental studies," Economics of Education Review, Elsevier, vol. 78(C).
    7. Michael Batty & J. Michael Collins & Elizabeth Odders-White, 2015. "Experimental Evidence on the Effects of Financial Education on Elementary School Students' Knowledge, Behavior, and Attitudes," Journal of Consumer Affairs, Wiley Blackwell, vol. 49(1), pages 69-96, March.
    8. Rodriguez-Raga, Santiago & Martinez-Camelo, Natalia, 2022. "Game, guide or website for financial education improvement: Evidence from an experiment in Colombian schools," Journal of Behavioral and Experimental Finance, Elsevier, vol. 33(C).
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