{"id":210685,"date":"2021-03-25T16:59:34","date_gmt":"2021-03-25T13:59:34","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/robinhood-app-makes-wall-street-feel-like-a-game-to-win\/"},"modified":"2021-03-25T16:59:34","modified_gmt":"2021-03-25T13:59:34","slug":"robinhood-app-makes-wall-street-feel-like-a-game-to-win","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/robinhood-app-makes-wall-street-feel-like-a-game-to-win\/","title":{"rendered":"#Robinhood app makes Wall Street feel like a game to win"},"content":{"rendered":"

“#Robinhood app<\/a> makes Wall Street feel like a game<\/a> to win<\/strong>”<\/p>\n

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\"gambling\"
\n Credit: Unsplash\/CC0 Public Domain
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Wall Street has long<\/a> been likened<\/a> to a casino<\/a>. Robinhood, an investment app that just filed plans for an initial public offering<\/a>, makes the comparison more apt than ever<\/a>.<\/p>\n

That’s because the power of the casino is the way it makes people feel like gambling their money away is a game. Casinos are full of mood lighting<\/a>, fun noises and other sensory details that reward gamblers when they place coins in slots. <\/p>\n

Similarly, Robinhood’s slick and easy-to-use app<\/a> resembles a thrill-inducing video game<\/a> rather than a sober investment tool. The color palette of red and green is associated with mood, with green having a calming effect<\/a> and red increasing arousal, anger and negative emotions<\/a>. Picking stocks can seem like a fun lottery of scratching off the winning ticket; celebratory confetti drops from the top of the screen for the new users’ first three investments.<\/p>\n

But just as people can lose a lot of money gambling at the casino, the same thing can happen when you trade stocks and bonds\u2014sometimes with disastrous consequences, such as last year when a Robinhood user died by suicide<\/a> after mistakenly believing that he’d lost US$750,000. <\/p>\n

I study how people behave inside game worlds<\/a> and design classroom games<\/a>. Using gamelike features to influence real-life actions can be beneficial, such as when a health app uses rewards and rankings to encourage people to move more or eat healthier food. But there’s a dark side too, and so-called gamification<\/a> can lead people to forget the real-world consequences of their decisions.
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Games explained<\/b><\/p>\n

General<\/a>ly speaking, games\u2014whether played on a board, among children or with a computer \u2013 are voluntary activities<\/a> that are structured by rules and involve players competing to overcome challenges that carry no risk outside of their virtual world. <\/p>\n

The reason games are so captivating is that they challenge the mind to learn new things<\/a> and are generally safe spaces to face and overcome failure<\/a>. <\/p>\n

Games also mimic rites of passage<\/a> similar to religious rituals and draw players into highly focused “flow states<\/a>” that dramatically alter self-awareness. This sensory blend of flow and mastery are what make games fun and sometimes addicting<\/a>: “Just one more turn” thinking can last for hours, and players forget to eat and sleep. Players who barely remember yesterday’s breakfast recall visceral details from games played decades ago<\/a>.<\/p>\n

Unlike static board games, video games<\/a> specifically provide visual and auditory feedback<\/a>, rewarding players with color, movement and sound<\/a> to maintain engagement. <\/p>\n


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