Abstract
In their daily lives, people are confronted with situations where they need to form a schema of possible future scenarios and the likelihood of them occurring, be it about climate change, economic up- or downturn, or even the potential success of a romantic date. Be these issues of mundane or universal importance, this judgmental forecasting poses people with a difficult pervasive cognitive challenge. Commonly, judgmental forecasting is taught in forecasting courses syllabi, and the pedagogy surrounding it is challenging. However, gamification and game-based learning have risen as promising tools to simulate different kinds of scenarios and stimulate cognitive problem solving. This study investigates the effects of a gamified application with points, levels, challenges, storytelling and leaderboard for teaching judgmental forecasting by conducting a 2×2 between-subjects experiment (treatments: i) read: yes vs no, and ii) gamification: yes vs no), with a sample of 285 students of a School of Electrical and Computer Engineering and a Business Administration Department. The findings indicate that the gamified application improved learning outcomes regarding the heuristics and biases that affect judgmental forecasting by almost 15%, supporting the use of gamification in forecasting education.
| Original language | English |
|---|---|
| Article number | 120725 |
| Number of pages | 19 |
| Journal | Technological Forecasting and Social Change |
| Volume | 167 |
| DOIs | |
| Publication status | Published - Jun 2021 |
| Publication type | A1 Journal article-refereed |
Funding
This work was supported by the European Union’s Horizon 2020 research and innovation program under the Marie Sklodowska-Curie [grant agreement ID 840809] and by Academy of Finland Flagship Programme [337653 - Forest-Human-Machine Interplay (UNITE)]. A part of the work-in-progress version of this work was presented in International GamiFIN Conference 2018, 2019 and in HICSS-52 2019 52nd Hawaii International Conference on System Sciences. Prof. Vassilios Assimakopoulos is a professor of Forecasting Systems at the School of Electrical and Computer Engineering of the National Technical University of Athens (NTUA). He is the author of over than 60 original publications and papers in international journals and conferences. Moreover, he has conducted research on innovative tools for management support and decision systems design, in numerous projects, funded by National and European institutes. He specializes in various fields of Strategic Management, Design and Development of Information systems, Business Resource Management, Statistical and Forecasting Techniques using time series.
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 13 Climate Action
Keywords
- Decision Making
- Education
- Forecasting
- Gamification
- Judgment Bias
- Teaching
Publication forum classification
- Publication forum level 3
ASJC Scopus subject areas
- Business and International Management
- Applied Psychology
- Management of Technology and Innovation
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