NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Learning Millennial-Style

Bruce I. Carlin, Li Jiang, Stephen A. Spiller

NBER Working Paper No. 20268
Issued in July 2014
NBER Program(s):   AP   CF   ED   PE

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.

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Document Object Identifier (DOI): 10.3386/w20268

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