Publication Date: 2023/05/28
Abstract: The need for additional income in an economic crisis led to the rise of the online play-to-earn game, Axie Infinity, and there is a need to investigate the mental wellbeing of its players. The hope theory suggests that an individual has the capacity to find alternative solutions to a difficult problem and try them regardless of circumstances. This cross-sectional explanatory study aims to determine the moderating role of locus-of-hope (LOH) dimensions on the relationship between financial anxiety and mental well-being of Filipino Axie Infinity players. We hypothesized that financial anxiety is significantly related to mental well-being, financial anxiety will negatively predict mental well-being, and LOH dimensions will moderate the relationship between financial anxiety and mental well-being. An online questionnaire including the Financial Anxiety Scale, Warwick-Edinburgh Mental Well-Being Scale, and State Locus-of-Hope Scale-Short Form was disseminated to 384 Filipino Axie Infinity players. Results found that financial anxiety is negatively correlated with and predicts mental well-being. This suggests that Filipino Axie Infinity players who experience high levels of financial anxiety may have low levels of mental well-being. However, LOH dimensions were not able to moderate the negative relationship between financial anxiety and mental wellbeing among Filipino Axie Infinity players. Thus, future research may explore other variables that may possibly moderate their negative relationship.
Keywords: Financial Anxiety, Well-Being, Locus-Of-Hope, Filipino Axie Infinity Players
DOI: https://doi.org/10.5281/zenodo.7978296
PDF: https://ijirst.demo4.arinfotech.co/assets/upload/files/IJISRT23MAY1134.pdf
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