Online sites provide opportunities to teach lessons to children in a fun way
By Eileen Ambrose Tribune Newspapers October 25, 2009
Posted by Alma Zhumagulova
One of the big hurdles to teaching personal finance to children and young adults is how to do so without boring or confusing them with talk of compound interest and annual percentage rates.
Now, there's a growing effort to reach kids on their own turf: online games.
More than 70 percent of people play some form of games, a percentage far higher among teens. Gaming experts see this as an opportunity to pack critical lessons into a fun activity.
"Think about what games can do that you really can't do otherwise," said Ethan Mollick, an assistant professor of management at the Wharton School of the University of Pennsylvania. "Even in a personal finance class you don't get the chance to experiment, to be in the shoes of someone trying to solve problems.
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