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A Commodity Market Simulation Game For Teaching Market Risk Management

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  • Trapp, James N.

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.

Suggested Citation

  • Trapp, James N., 1989. "A Commodity Market Simulation Game For Teaching Market Risk Management," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 21(1), pages 1-9, July.
    • Handle: RePEc:ags:sojoae:30178
    DOI: 10.22004/ag.econ.30178
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    File URL: https://ageconsearch.umn.edu/record/30178/files/21010139.pdf
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    References listed on IDEAS

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    1. King, Robert P. & Black, J. Roy & Benson, Fred J. & Pavkov, Patti A., 1988. "The Agricultural Risk Management Simulator Microcomputer Program," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 20(2), pages 165-171, December.
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    Cited by:

    1. Larry S. Lev & Robert P. King, 1995. "MarketTools: An educational commodity marketing game," Agribusiness, John Wiley & Sons, Ltd., vol. 11(2), pages 187-193.
    2. Norbert L.W. Wilson & Robert G. Nelson, 2009. "A Laboratory Science Approach to Teaching in the Agricultural Economics Curriculum," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 31(2), pages 331-343.
    3. Lowell D. Hill & Karen L. Bender, 1996. "Industry note: Market simulation for teaching commodity trading skills," Agribusiness, John Wiley & Sons, Ltd., vol. 12(4), pages 403-410.
    4. Tomek, William G. & Peterson, Hikaru Hanawa, 2000. "Risk Management In Agricultural Markets: A Survey," 2000 Producer Marketing and Risk Management Conference, January 13-14, Orlando, FL 19580, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    5. Ramsey, A. Ford & Isengildina-Massa, Olga, 2021. "Evaluation of Learning Outcomes from Participation in a Student-Managed Commodity Investment Fund," Applied Economics Teaching Resources (AETR), Agricultural and Applied Economics Association, vol. 2(6), January.

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    Keywords

    Risk and Uncertainty;

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