游戏化金融教育、注意力缺陷多动障碍（ADHD）与投资者决策

标题	游戏化金融教育、注意力缺陷多动障碍（ADHD）与投资者决策
日期和时间	2025年11月28日（周五） 10:30-12:00
地点	会议楼II，103会议室
主讲人	Stephanie Grant教授华盛顿大学
摘要	A wave of new investors has entered financial markets in recent years, yet many lack the financial knowledge needed to make informed investment decisions, leaving them vulnerable to costly mistakes. While regulators and trading platforms have increasingly promoted financial education materials, their effectiveness remains unclear, particularly for neurodiverse populations. We examine whether incorporating gamification into financial education—specifically through gamified feedback—improves knowledge acquisition and investment decision-making for individuals with and without attention-deficit/hyperactivity disorder (ADHD). Results show that gamification improves knowledge acquisition for both groups. We then examine investment decision-making in a setting where investing yields higher expected returns. For individuals without ADHD, increased financial knowledge from gamified education increases investment relative to non-gamified education. In contrast, for individuals with ADHD, increased financial knowledge from gamified education reduces investment relative to non-gamified education. Results from a supplemental experiment provide theory-consistent evidence and also offer initial suggestions for practical remedies to improve decision-making. Our study has important implications for how the SEC, FINRA, and trading platforms design investor education to support the growing population of new and diverse retail investors.
主讲人简介	Stephanie Grant是华盛顿大学福斯特商学院的会计学副教授，同时担任德勤会计师事务所永久教席教授。她在伊利诺伊大学厄本纳-香槟分校获得博士学位。她的研究主要采用实验方法，探究新兴技术（如生成式人工智能、社交媒体、移动设备以及数字互动实践）如何影响散户投资者的决策。她的成果已发表在 Journal of Accounting Research、Management Science、Contemporary Accounting Research 以及 Accounting, Organizations and Society 等顶尖期刊上。她目前担任 Accounting Horizons 的编辑，并在其他领先学术期刊的编委会任职。她在华盛顿大学教授财务会计和实验会计研究课程。