A Commodity Market Simulation Game for Teaching Market Risk Management
James N. Trapp
Journal of Agricultural and Applied Economics, 1989, vol. 21, issue 1, 139-147
Abstract:
The Market Risk Game is a computerized simulation game available for IBM PC and Apple II microcomputers that is designed to give realistic practice in making decisions in a risky market environment. It illustrates the use of hedging and put options to reduce risk in livestock and grain markets. It is best suited for individuals who have a basic understanding of commodity trading, but who need experience to solidify their knowledge to a functional level. Through the game, this is done without facing the risk of an actual investment or requiring the time involved in watching a market over an extended period.
Date: 1989
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