ERIC Number: EJ1295169
Record Type: Journal
Publication Date: 2021
Pages: 13
Abstractor: As Provided
ISBN: N/A
ISSN: ISSN-0022-0485
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Available Date: N/A
"Chair the Fed": Insights from Game Usage Data
Duzhak, Evgeniya; Hoff, K. Jody; Lopus, Jane S.
Journal of Economic Education, v52 n2 p89-101 2021
"Chair the Fed" is an award-winning online educational game developed by the Federal Reserve Bank of San Francisco to help players learn about monetary policy. Players assume the role of Fed Chair and adjust the federal funds rate to try to achieve low inflation and low unemployment. If successful, they are reappointed to another term. By investigating anonymous user data from a three-month period in 2019, we find that about 20 percent of games completed result in reappointment. Chances of reappointment improve with game experience; however, players exhibit more skill in addressing some situations than others. Given the widespread interest in the game, reflected by over 80,000 games initiated per month, the implications of the game for improving economic literacy are important.
Descriptors: Economics Education, Educational Games, Computer Games, Financial Policy, Credit (Finance), Economic Climate, Unemployment, Improvement, Experience, Time on Task, Decision Making, Knowledge Level
Routledge. Available from: Taylor & Francis, Ltd. 530 Walnut Street Suite 850, Philadelphia, PA 19106. Tel: 800-354-1420; Tel: 215-625-8900; Fax: 215-207-0050; Web site: http://www.tandf.co.uk/journals
Publication Type: Journal Articles; Reports - Research
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
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