Impact of computer based share market simulations on learning: A link between self-efficacy and understanding

While the literature supports the use of share market simulation as an educational tool we analyse the impact of a share market simulation on student self-efficacy and understanding. We find evidence of a statistically significant increase in self-efficacy through the use of the educational simulation. We also find that while self-efficacy at the start of the simulation is positively correlated with the level of self-efficacy at the end, the final level of understanding attained is positively related to both self-efficacy and the level of understanding that existed at the beginning of the simulation.