Classroom Games: Trading in a Pit Market
描述了一个模拟金融和期货市场交易池的课堂游戏,通过扑克牌引入供需函数,帮助学生理解完全竞争模型的稳健性和效率。
This paper describes a classroom exercise that resembles trading in the ‘pit’ of some financial and futures markets. Playing cards are used to induce supply and demand functions. Instructions and helpful hints are provided. The exercise facilitates an understanding and appreciation of the robustness and efficiency of the textbook model of perfect competition.