Using Cognitive Science and Technology to Enhance Financial Education: The Effect of Spaced Retrieval Practice

Autor/inn/en	Kang, Sean H. K.; Eglington, Luke G.; Schuetze, Brendan A.; Lu, Xinyi; Hinterstoisser, Tanja M.; Huaco, Jimena
Titel	Using Cognitive Science and Technology to Enhance Financial Education: The Effect of Spaced Retrieval Practice
Quelle	In: Journal of Financial Counseling and Planning, 34 (2023) 1, S.20-31 (12 Seiten) PDF als Volltext kostenfreie Datei Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	1052-3073
Schlagwörter	Cognitive Science; Financial Education; Technology Uses in Education; Handheld Devices; Computer Oriented Programs; College Students; Workshops; Retention (Psychology); Transfer of Training; Knowledge Level; Metacognition + Suchen Sie Ihr Suchwort? Kognitionswissenschaft; Technology enhanced learning; Technology aided learning; Technologieunterstütztes Lernen; Computerprogramm; Collegestudent; Lernwerkstatt; Schulung; Merkfähigkeit; Training; Transfer; Ausbildung; Wissensbasis; Meta cognitive ability; Meta-cognition; Metakognitive Fähigkeit; Metakognition
Abstract	Financial literacy is an important life skill, yet the impact of financial education has often been found to be modest. We conducted a field experiment to assess the effectiveness of a postinstruction intervention using a smartphone app that incorporated cognitive science principles aimed at improving learning. College students who completed a required credit review workshop during their sophomore year used the smartphone app in one of three practice conditions: control (no practice), massed, or spaced retrieval practice with elaborative feedback. On a final assessment about 5 months later, students who engaged in spaced retrieval practice were superior to those in the control and massed practice conditions in terms of knowledge. Given the ubiquity of smartphones today, the results highlight the potential of harnessing easily accessible technology as learning tools to augment the retention and transfer of knowledge. (As Provided).
Anmerkungen	Association for Financial Counseling and Planning Education. 1500 West Third Avenue Suite 223, Columbus, OH 43212. Tel: 614-485-9650; Fax: 614-485-9621; Web site: https://connect.springerpub.com/content/sgrjfcp
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2024/1/01