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Mark Gilbert

The Gamification of Finance May Be a Good Thing After All

Video game techniques can help us take a longer-term view on retirement saving, a study shows.

Get in the game.

Get in the game.

Source: Bloomberg

The gamification of finance, which blurs the line between speculating for profit and investing for the long run, has always made me nervous. But it turns out that some of the techniques used to hook players on video games can be used to help us develop healthy financial habits. Specifically, gaming elements can encourage adopting a long-term view of money, an important aspect for building wealth.

As the valuations of last year’s meme-stock darlings dive and Bitcoin anguishes at about half of its November peak, many retail investors will be feeling more than a little financially bruised by their misadventures.