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SOME MONEY GAMES
Author(s) -
RENSHEW EDWARD F.,
RENSHAW VER
Publication year - 1971
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.1540-5915.1971.tb01458.x
Subject(s) - simple (philosophy) , class (philosophy) , process (computing) , test (biology) , economics , computer science , mathematical economics , microeconomics , artificial intelligence , epistemology , paleontology , philosophy , biology , operating system
The authors consider three games which come directly to grips with important ideas in finance, are complex enough to be interesting, yet sufficiently simple to be explained and played in less than one class period. Their purpose is to help students become more involved in the art of economic model building and to impart a better understanding of the demand for money. It seems likely that these games can be used to test specific hypotheses about the learning process and human decision making under conditions of uncertainty.