IDEAS home Printed from https://ideas.repec.org/a/inm/orinte/v26y1996i3p66-76.html
   My bibliography  Save this article

The AIM Game: Learning Investment Management Principles through Monte Carlo Simulation

Author

Listed:
  • Robert R. Trippi

    (IR/PS Graduate School, University of California, San Diego, La Jolla, California 92093-0519)

Abstract

In surveys, computer simulation nearly always tops lists of the most frequently used OR/MS methods, largely because of its great versatility. For example, where nonlinearities or path dependence exists, Monte Carlo simulation is the only practical means available for evaluating financial derivatives and asset allocation or switching policies. Teaching business students the theory and use of Monte Carlo simulation in evaluating investment policies is challenging, especially at the undergraduate level. I developed a management game that requires team effort and provides students with experience in unsupervised research design and hands-on use of state-of-the-art simulation software to analyze an interesting problem in investment management.

Suggested Citation

  • Robert R. Trippi, 1996. "The AIM Game: Learning Investment Management Principles through Monte Carlo Simulation," Interfaces, INFORMS, vol. 26(3), pages 66-76, June.
    • Handle: RePEc:inm:orinte:v:26:y:1996:i:3:p:66-76
    DOI: 10.1287/inte.26.3.66
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1287/inte.26.3.66
    Download Restriction: no
    File URL: https://libkey.io/10.1287/inte.26.3.66?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
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. H. Brian Hwarng, 2001. "A Modern Simulation Course for Business Students," Interfaces, INFORMS, vol. 31(3), pages 66-75, June.

    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:inm:orinte:v:26:y:1996:i:3:p:66-76. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Chris Asher (email available below). General contact details of provider: https://edirc.repec.org/data/inforea.html .

    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.