* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Saturday, October 4, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Al Roker Gives Olivia Dean an Unexpected ‘New Job’ on the ‘Today’ Show – Yahoo

    Al Roker Shocks Olivia Dean with an Exciting New Role on the ‘Today’ Show

    Books about the arts and some haunts for a Denton October – Denton Record-Chronicle

    Uncover Artistic Treasures and Spooky Adventures to Experience in Denton This October

    Taylor Swift Releases New Album The Life of a Showgirl : Listen and Read the Full Credits – Yahoo

    Taylor Swift Releases New Album The Life of a Showgirl : Listen and Read the Full Credits – Yahoo

    Toni Braxton Is Turning Her Biggest Hits Into Lifetime Movies – Yahoo

    Toni Braxton Is Turning Her Biggest Hits Into Lifetime Movies – Yahoo

    Major airline to offer new in-flight entertainment options for passengers – PennLive.com

    Major airline to offer new in-flight entertainment options for passengers – PennLive.com

    Penn State-Themed Restaurant and Entertainment Spot Happy Valley Live Set to Open in State College – StateCollege.com

    Penn State-Themed Restaurant and Entertainment Spot Happy Valley Live Set to Open in State College – StateCollege.com

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    MAC Brings iPad Technology to Football Sidelines Across All 13 Member Schools – Sports Video Group

    MAC Brings iPad Technology to Football Sidelines Across All 13 Member Schools – Sports Video Group

    Technology Is Becoming More Important Than Humans In CX – No Jitter

    Technology Is Becoming More Important Than Humans In CX – No Jitter

    A Tech Expo Shows What China Can Make, but Not Who’ll Buy It All – The New York Times

    Inside China’s Tech Expo: Cutting-Edge Innovations Face Uncertain Demand

    Steampunk Metal Oval Technology Sense Sunglasses Personality Handmade Chain Multicolor Sunglasses UV400 – The San Joaquin Valley Sun

    Steampunk Metal Oval Sunglasses with Handmade Multicolor Chain – Bold UV400 Protection and Unique Style

    STELLA Automotive AI Appoints Fred Seidelman as Chief Technology Officer – Yahoo Finance

    STELLA Automotive AI Appoints Fred Seidelman as New Chief Technology Officer

    Saving Energy and Money with Smart Technology – Terms of Service with Clare Duffy – Podcast on CNN Podcasts – CNN

    Saving Energy and Money with Smart Technology – Terms of Service with Clare Duffy – Podcast on CNN Podcasts – CNN

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Al Roker Gives Olivia Dean an Unexpected ‘New Job’ on the ‘Today’ Show – Yahoo

    Al Roker Shocks Olivia Dean with an Exciting New Role on the ‘Today’ Show

    Books about the arts and some haunts for a Denton October – Denton Record-Chronicle

    Uncover Artistic Treasures and Spooky Adventures to Experience in Denton This October

    Taylor Swift Releases New Album The Life of a Showgirl : Listen and Read the Full Credits – Yahoo

    Taylor Swift Releases New Album The Life of a Showgirl : Listen and Read the Full Credits – Yahoo

    Toni Braxton Is Turning Her Biggest Hits Into Lifetime Movies – Yahoo

    Toni Braxton Is Turning Her Biggest Hits Into Lifetime Movies – Yahoo

    Major airline to offer new in-flight entertainment options for passengers – PennLive.com

    Major airline to offer new in-flight entertainment options for passengers – PennLive.com

    Penn State-Themed Restaurant and Entertainment Spot Happy Valley Live Set to Open in State College – StateCollege.com

    Penn State-Themed Restaurant and Entertainment Spot Happy Valley Live Set to Open in State College – StateCollege.com

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    MAC Brings iPad Technology to Football Sidelines Across All 13 Member Schools – Sports Video Group

    MAC Brings iPad Technology to Football Sidelines Across All 13 Member Schools – Sports Video Group

    Technology Is Becoming More Important Than Humans In CX – No Jitter

    Technology Is Becoming More Important Than Humans In CX – No Jitter

    A Tech Expo Shows What China Can Make, but Not Who’ll Buy It All – The New York Times

    Inside China’s Tech Expo: Cutting-Edge Innovations Face Uncertain Demand

    Steampunk Metal Oval Technology Sense Sunglasses Personality Handmade Chain Multicolor Sunglasses UV400 – The San Joaquin Valley Sun

    Steampunk Metal Oval Sunglasses with Handmade Multicolor Chain – Bold UV400 Protection and Unique Style

    STELLA Automotive AI Appoints Fred Seidelman as Chief Technology Officer – Yahoo Finance

    STELLA Automotive AI Appoints Fred Seidelman as New Chief Technology Officer

    Saving Energy and Money with Smart Technology – Terms of Service with Clare Duffy – Podcast on CNN Podcasts – CNN

    Saving Energy and Money with Smart Technology – Terms of Service with Clare Duffy – Podcast on CNN Podcasts – CNN

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Science

Research shows gamified investment sites have risks for novice investors

July 13, 2024
in Science
Research shows gamified investment sites have risks for novice investors
Share on FacebookShare on Twitter

novice investor

Credit: Pixabay/CC0 Public Domain

What happens when online investment trading platforms start to resemble games that keep people playing for hours, with badges and exploding confetti to reward investors for their engagement?

For those who know what they’re doing, it won’t make much of a difference. New research from the University of Toronto engaging nearly 1,000 volunteers in artificial investment scenarios shows that more informational features such as price change notifications might even help savvy investors execute their strategy better.

Gamified investing didn’t seem to lead to people making more mistakes or trading a whole lot more either—trading went up by a modest 5% with just under a third of that attributed to gamification.

It’s a different story though for novices with limited knowledge. Using lab-built platforms—a no-frills one and another using a mix of rewards- and information-based features common on popular gamified trading sites such as Robinhood and EToro, the researchers found that these investors preferred the rewards-based environment. And this preference was associated with much more frequent trading—12.5% more than in the stripped-down trading version.

The gamified environment also seemed to reinforce ill-advised strategies, such as holding on to losing investments and selling high-performing ones. Investors favoring this kind of behavior were nearly 32% more likely to sell their asset after receiving a price increase alert and nearly 38% more likely to hold it after a price drop notification, compared to what they did without the alerts. Knowledgeable investors, however, did the opposite, and were nearly 36% more likely to buy an asset after receiving a price increase notification.

“Neutral” investment platforms are the ideal set-up for self-directed investors because their features do not influence the investor’s decisions, said researcher Mariana Khapko, an assistant professor of finance at the University of Toronto Scarborough, cross-appointed to the University’s Rotman School of Management. While the prevailing advice for amateurs is to buy indexed funds and then generally ignore them, gamified platforms nudge users towards more frequent trading, with monetary benefits to the platform.

“This is particularly worrisome if gamified platforms cater to young, inexperienced traders who are particularly susceptible to be influenced by ‘fun trading,'” said Prof. Khapko, who collaborated on the research with Marius Zoican, an associate professor of finance at the Haskayne School of Business at the University of Calgary and Philipp Chapkovski, a postdoctoral researcher at the University of Bonn.

Regulators have paid extra attention to gamified trading platforms in recent years, concerned that they may negatively influence users’ choices, sometimes leading to financially disastrous decisions. As a result, the U.S. Securities Commission Exchange released new rules in July 2023 aimed at eliminating potential conflicts of interest in the algorithms used in the gamified platforms.

Still, regulators need to be careful not to throttle technological innovation as they seek to preserve ethical integrity in the online trading space, said Prof. Khapko.

“I believe the most effective recommendation is to improve financial literacy across the board, which would reduce investors’ susceptibility to behavioral nudges,” she said.

The study appears in Management Science.

More information:
Philipp Chapkovski et al, Trading Gamification and Investor Behavior, Management Science (2024). DOI: 10.1287/mnsc.2022.02650

Citation:
Research shows gamified investment sites have risks for novice investors (2024, July 13)
retrieved 13 July 2024
from https://phys.org/news/2024-07-gamified-investment-sites-novice-investors.html

This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no
part may be reproduced without the written permission. The content is provided for information purposes only.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Phys.org – https://phys.org/news/2024-07-gamified-investment-sites-novice-investors.html

Tags: Researchscienceshows
Previous Post

Study examines urban forests across the United States

Next Post

375-pound loggerhead sea turtle returns to Atlantic Ocean after 3 months of rehab in Florida

How the gathering of Israel is accelerating around the world – Church News

The Global Gathering of Israel: How It’s Accelerating Like Never Before

October 4, 2025
United States Economic Forecast Q3 2025 – Deloitte

United States Economic Forecast Q3 2025 – Deloitte

October 4, 2025
Al Roker Gives Olivia Dean an Unexpected ‘New Job’ on the ‘Today’ Show – Yahoo

Al Roker Shocks Olivia Dean with an Exciting New Role on the ‘Today’ Show

October 4, 2025
Holding Commercial Health Insurers Accountable – American Hospital Association

Holding Commercial Health Insurers Accountable – American Hospital Association

October 4, 2025
Inside Iowa Politics: Ian Roberts deceived Des Moines School Board, chair says – KTIV

Inside Iowa Politics: Ian Roberts deceived Des Moines School Board, chair says – KTIV

October 4, 2025
‘This is unprecedented:’ Ecology restricts surface water use in the Yakima River Basin – Yakima Herald-Republic

Unprecedented Move: Ecology Imposes New Restrictions on Yakima River Basin Surface Water Use

October 4, 2025
Roane State, TCAT Knoxville mark milestone at new health science campus – Oakridger

Roane State and TCAT Knoxville Celebrate Major Milestone at New Health Science Campus

October 4, 2025
Science Hill blanks Morristown East – Johnson City Press

Science Hill Cruises to a Commanding Shutout Over Morristown East

October 4, 2025
Favorite Halloween candies in Missouri, Oklahoma, Kansas, Arkansas – Yahoo

Discover the Most Beloved Halloween Candies in Missouri, Oklahoma, Kansas, and Arkansas!

October 4, 2025
MAC Brings iPad Technology to Football Sidelines Across All 13 Member Schools – Sports Video Group

MAC Brings iPad Technology to Football Sidelines Across All 13 Member Schools – Sports Video Group

October 4, 2025

Categories

Archives

October 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Sep    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (850)
  • Economy (871)
  • Entertainment (21,745)
  • General (17,402)
  • Health (9,914)
  • Lifestyle (883)
  • News (22,149)
  • People (872)
  • Politics (882)
  • Science (16,081)
  • Sports (21,371)
  • Technology (15,853)
  • World (854)

Recent News

How the gathering of Israel is accelerating around the world – Church News

The Global Gathering of Israel: How It’s Accelerating Like Never Before

October 4, 2025
United States Economic Forecast Q3 2025 – Deloitte

United States Economic Forecast Q3 2025 – Deloitte

October 4, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version