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A NOTE ON A SIMULATED STOCK MARKET
Author(s) -
SHUBIK MARTIN
Publication year - 1970
Publication title -
decision sciences
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.238
H-Index - 108
eISSN - 1540-5915
pISSN - 0011-7315
DOI - 10.1111/j.1540-5915.1970.tb00771.x
Subject(s) - stock market , stock (firearms) , business simulation , microeconomics , computer science , work (physics) , operations research , economics , financial economics , business , simulation , mathematics , engineering , mechanical engineering , paleontology , horse , biology
This article describes the design of a stock market exercise to be run with a business game (or a simulated business game). It reports on an exercise in which around 100 traders participated in a market, trading four stocks. The results obtained are reported: however, the work was primarily a feasibility study to see if very large group behavior could be studied in a controlled experiment. The experience gleaned from the experiment indicates that this is a fruitful approach.