Business
“We study the effectiveness of soft, self-designed commitment devices, i.e. saving goals, in increasing individuals’ savings using data from a FinTech app. We establish that setting goals increases individuals’ savings rate and show that the effect is causal using a difference-in-differences identification strategy that exploits the
Business
“Open banking application programming interfaces (APIs) provide third-party providers with secure access to customer financial data and transactional capabilities. This architecture allows fintech firms to develop services such as balance aggregation, automated transfers, personalized financial recommendations, and cross-border remittances. In the Korean case, four dominant models emerged: (1)
Business
“Banks perform payment and transfer functions for an economy. The Internet can now facilitate and even perform these functions. It is changing the way that transactions are recorded on ledgers and is facilitating both public and private digital currencies. In the past, banks operated in a world of information asymmetry
Science & Tech
“Using nudging, financial technology (fintech) apps like Acorns, Robinhood, and YNAB (You Need a Budget) try to affect saving, investment, and budgeting habits. By presenting images of long-term savings or compounding interest, these platforms sometimes incorporate nudges based on hyperbolic discounting, therefore motivating users to give long-term advantages
Special Interest
“Gamification and game-based learning are similar in that both strategies promote engagement and sustained motivation in learning. However, gamification and game-based learning can also be usefully distinguished. Gamification is the integration of game elements like point systems, leaderboards, badges, or other elements related to games into ‘conventional’ learning
Special Interest
“While I do appreciate the accessibility that Duolingo has brought to the language learning community, I think it is highly, highly overrated. As someone who is qualified in linguistics and experienced in language teaching and learning, I can say that Duolingo simply does not work. This is not to say
Special Interest
Although many companies enjoy the success of their gamified entities, gamification is not universally successful in reaching business objectives (Liu et al., 2017, Spire, 2012). For example, Adobe offered a gamified learning tool for its Photoshop software in an attempt to increase conversion rates following a free trial month, but
Special Interest
Personalized gamification explores knowledge about the users to tailor gamification designs to improve one-size-fits-all gamification. The tailoring process should simultaneously consider user and contextual characteristics (e.g., activity to be done and geographic location), which leads to several occasions to tailor. Consequently, tools for automating gamification personalization
Arts & Lifestyle
“Recent decades of financialisation have seen a significant growth in art that mobilises various forms of money as artistic media. These range from the integration of material money (coins, bills, credit cards) into aesthetic processes, such as sculpture, painting, performance, and so on, to a preoccupation with more ephemeral thematics
Arts & Lifestyle
“Reports suggest that by 2040 the impacts of human-caused climate change will be unescapable, making it the big issue at the centre of art and life in 20 years’ time. Artists in the future will wrestle with the possibilities of the post-human and post-Anthropocene – artificial intelligence, human
Arts & Lifestyle
“The 2008 sub-prime mortgage crash looked a lot like the apocalyptic end of something in many American cities, but to Theaster Gates it was a new beginning. Gates, these days director of arts and public life at the University of Chicago, whom ArtReview likes to call “the poster boy
Arts & Lifestyle
What unites these various responses is the presence of trust and its kin. Richard Holton notes that there are characteristic normatively-laden attitudes which surround trust: ‘When you trust someone to do something, you rely on them to do it, and you regard that reliance in a certain way; you