Stock Simulations: Game and Group Design to Reduce Risky Behavior and Enhance Learning

Abstract

Stock simulations have been used at all levels of education to teach about the investment process. For college classes, a 15 week semester means the game will be limited to around 12 weeks. The short-term nature of the game may encourage risky behavior, but the educational component of the simulation may be worth the exposure to risk-taking in order to enhance learning through a hands-on experience. I design a simulation and construct various types of student groups. Through observations and a student questionnaire, I determine that simulation complements a traditional lecture. I also find that the design of the game and the design of student groups may reduce risky behavior and enhance learning.