IDEAS home Printed from https://ideas.repec.org/a/eee/ireced/v40y2022ics1477388022000081.html
   My bibliography  Save this article

Low-fidelity buyer seller simulations can encourage authentic learning experiences

Author

Listed:
  • Wong, Gary Wai Chung
  • Wong, Paulina Pui Yun
  • Chong, James Chit Ming

Abstract

The goal of this study is to introduce and evaluate a novel online simulation method built upon buyer-seller roleplay in a private social network for housing economics education. This is at a time when classroom disruptions due to COVID-19 require new methods to engage with students asynchronously. While methods like game-based learning simulations show potential to engage, they are often high-fidelity and require high setup costs. This is also the case for existing housing simulation games, for which besides being single player mode, costs for technical customization and learning curve reduces adoption in the classroom. In this context, the use of social networks to facilitate a low-fidelity buyer-seller housing roleplay may provide flexible learning goals and peer engagement, but its implementation is unclear. This gap in knowledge has motivated this investigation, for which undergraduate students in Hong Kong participated in property buyer-seller roleplay. Students posted available property and buyers bid for them using comments on a private social media app, Soqqle. Post-course reflective essays suggest that various student needs were met, indicating that the setup supports flexible learning outcomes. Authentic learning outcomes like knowledge transfer, reflection, challenge, and realism were also experienced. Further, although statistically insignificant due to lack of observations, a regression analysis shows that experiencing and overcoming challenges (β = 3.996, p = .082) provides the biggest learning outcome (R2 = 0.325). A focus group with other simulation practitioners suggests the benefits of this method could extend to them. The findings of this study can benefit practitioners of game-based learning looking for quick and easy methods to introduce online roleplay for real-life scenarios in their classes.

Suggested Citation

  • Wong, Gary Wai Chung & Wong, Paulina Pui Yun & Chong, James Chit Ming, 2022. "Low-fidelity buyer seller simulations can encourage authentic learning experiences," International Review of Economics Education, Elsevier, vol. 40(C).
  • Handle: RePEc:eee:ireced:v:40:y:2022:i:c:s1477388022000081
    DOI: 10.1016/j.iree.2022.100241
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1477388022000081
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.iree.2022.100241?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Charles Ka Yui Leung & Joe Cho Yiu Ng & Edward Chi Ho Tang, 2020. "Why is the Hong Kong housing market unaffordable? Some stylized facts and estimations," ISER Discussion Paper 1081, Institute of Social and Economic Research, Osaka University.
    2. Arocena, Rodrigo & Sutz, Judith, 2021. "Universities and social innovation for global sustainable development as seen from the south," Technological Forecasting and Social Change, Elsevier, vol. 162(C).
    3. Ting Lan, 2019. "Intrinsic bubbles and Granger causality in the Hong Kong residential property market," Frontiers of Business Research in China, Springer, vol. 13(1), pages 1-15, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Charles Ka Yui Leung & Edward Chi Ho Tang, 2023. "The dynamics of the house price‐to‐income ratio: Theory and evidence," Contemporary Economic Policy, Western Economic Association International, vol. 41(1), pages 61-78, January.
    2. Charles Ka Yui Leung & (single author only), 2021. "Handbook of Real Estate and Macroeconomics: An Introduction," ISER Discussion Paper 1137, Institute of Social and Economic Research, Osaka University.
    3. Hossain, Mokter & Park, Sukyung & Shahid, Subhan, 2023. "Frugal innovation for sustainable rural development," Technological Forecasting and Social Change, Elsevier, vol. 193(C).
    4. Albert Agbeko Ahiadu & Rotimi Boluwatife Abidoye & Tak Wing Yiu, 2024. "Economic Policy Uncertainty and Commercial Property Performance: An In-Depth Analysis of Rents and Capital Values," IJFS, MDPI, vol. 12(3), pages 1-19, July.
    5. Butzin, Anna & Flögel, Franz, 2022. "High-tech left behind? Lessons from the Ruhr cybersecurity ecosystem for approaches to develop "left behind" places," IAT Discussion Papers 22/04, Institut Arbeit und Technik (IAT), Westfälische Hochschule, University of Applied Sciences.
    6. Alam, Gazi Mahabubul & Asimiran, Soaib, 2021. "Online technology: Sustainable higher education or diploma disease for emerging society during emergency—comparison between pre and during COVID-19," Technological Forecasting and Social Change, Elsevier, vol. 172(C).
    7. de Souza João-Roland, Iraci & Granados, Maria L., 2023. "Towards social innovation strategy: An analysis of UK social enterprises," Technological Forecasting and Social Change, Elsevier, vol. 187(C).
    8. Edward Chi Ho Tang & Charles Ka Yui Leung, 2024. "Icing on the cake: Can the Top-Floor Units serve as a status good and an investment simultaneously?," ISER Discussion Paper 1252, Institute of Social and Economic Research, Osaka University.
    9. Villalba Morales, María Luisa & Ruiz Castañeda, Walter & Robledo Velásquez, Jorge, 2023. "Configuration of inclusive innovation systems: Function, agents and capabilities," Research Policy, Elsevier, vol. 52(7).
    10. Abedalqader Rababah & Natalya I. Nikitina & Veronica M. Grebennikova & Zhanna R. Gardanova & Angelina O. Zekiy & Vadim V. Ponkratov & Nadezhda N. Bashkirova & Nikolay V. Kuznetsov & Tatyana I. Volkova, 2021. "University Social Responsibility during the COVID-19 Pandemic: Universities’ Case in the BRICS Countries," Sustainability, MDPI, vol. 13(13), pages 1-29, June.
    11. Joanna Morawska-Jancelewicz, 2022. "The Role of Universities in Social Innovation Within Quadruple/Quintuple Helix Model: Practical Implications from Polish Experience," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(3), pages 2230-2271, September.
    12. T. Wing Lo & Gloria Hongyee Chan & Gabriel Kwun Wa Lee & Xin Guan & Sharon Ingrid Kwok, 2023. "Young people’s perceptions of the challenges and opportunities during the Mainland China–Hong Kong convergence," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-14, December.
    13. Carolina Feliciana Machado & J. Paulo Davim, 2023. "Sustainability in the Modernization of Higher Education: Curricular Transformation and Sustainable Campus—A Literature Review," Sustainability, MDPI, vol. 15(11), pages 1-28, May.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ireced:v:40:y:2022:i:c:s1477388022000081. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/international-review-of-economics-education .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.