Learning Millennial-Style

31 Pages Posted: 8 Jul 2014

See all articles by Bruce I. Carlin

Bruce I. Carlin

University of California, Los Angeles (UCLA) - Anderson School of Management

Jiang Li

University of California, Los Angeles (UCLA)

Stephen A. Spiller

University of California, Los Angeles (UCLA) - Anderson School of Management

Date Written: July 2014

Abstract

The growing use of on-line educational content and related video services has changed the way people access education, share knowledge, and possibly make life decisions. In this paper, we characterize how video content affects individual decision-making and willingness to share in the context of a personal financial decision. Content geared toward giving better instructions leads to better financial decisions, but less information sharing. Misleading advertising not only causes worse decisions, but makes it less likely that videos with useful content get shared in the market. This implies that the effects of deception have externalities on other peoples' literacy and decision-making. Our work has important implications for policies guiding financial literacy training, and also has broader impact for education in the information age.

Suggested Citation

Carlin, Bruce I. and Li, Jiang and Spiller, Stephen A., Learning Millennial-Style (July 2014). NBER Working Paper No. w20268. Available at SSRN: https://ssrn.com/abstract=2463383

Bruce I. Carlin (Contact Author)

University of California, Los Angeles (UCLA) - Anderson School of Management ( email )

110 Westwood Plaza
Los Angeles, CA 90095-1481
United States

Jiang Li

University of California, Los Angeles (UCLA) ( email )

405 Hilgard Avenue
Box 951361
Los Angeles, CA 90095
United States

Stephen A. Spiller

University of California, Los Angeles (UCLA) - Anderson School of Management ( email )

110 Westwood Plaza
Los Angeles, CA 90095-1481
United States

Register to save articles to
your library

Register

Paper statistics

Downloads
16
Abstract Views
294
PlumX Metrics