Name: Divakara Reddy N.
Country: India

Year: 2025
Volume: Volume No: 12, Issue No: 2, Year: 2025 (Special Issue)
Page Number: 21-33
DOI: https://doi.org/10.5281/zenodo.17866545

ABSTRACT
Financial literacy is a critical life skill that enables individuals to make informed and
appropriate financial choices. In today’s digital learning ecosystem, technology has emerged
as a catalyst for enhancing financial understanding and decision-making skills among
students. This conceptual paper explores how digital platforms and financial simulations can
be used to improve financial literacy and investment decisions among university students.
The study integrates theoretical perspectives from Experiential Learning Theory (Kolb,
1984), Behavioral Finance Theory (Kahneman & Tversky, 1979), and the Technology
Acceptance Model (Davis, 1989) to propose an integrated framework explaining how
experiential digital learning builds financial knowledge, confidence, and rational decision
behavior. The paper develops a set of propositions that describe the relationships between
digital engagement, financial literacy, and investment outcomes, with financial confidence as
a mediating factor and digital literacy and demographic characteristics as moderators. By
integrating concepts of experiential education with behavioral finance, this paper highlights
the potential of digital tools and simulation-based learning to transform traditional financial
education into an interactive and practice-oriented experience. The model emphasizes how
technology-enabled education fosters financial confidence, analytical skills, and investment
awareness—key competencies for students preparing to participate in the evolving global
financial environment. The proposed framework contributes to the theoretical understanding
of technology-enabled behavioral finance education and offers strategic guidance for
educators and policymakers seeking to integrate digital tools into financial literacy curricula.
This study provides a foundation for future empirical validation and policy-oriented financial
education initiatives in higher education.
Keywords: Financial literacy; Investment decisions; Digital platforms; Financial simulations;
Experiential learning; Behavioral finance;