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The key ingredients to modelling strategic market games are the definition of trading posts (or markets), and their price formation mechanisms as a function of the actions of players. A leading example is the Lloyd Shapley and Martin Shubik [1] trading post game. Shapley-Shubik use a numeraire and trading posts for the exchange of goods.
Josh Clark attributes modern interest in the game to Ariel Rubinstein, [48] but the best-known article is the 1982 experimental analysis of Güth, Schmittberger, and Schwarze. [49] Results from testing the ultimatum game challenged the traditional economic principle that consumers are rational and utility-maximising. [50]
Stevenson's father was a post office worker in Ilford, London, United Kingdom. [3] He grew up with a sister, Debris Stevenson, and a brother. [5] As a child, Stevenson worked as a paperboy, and attended Ilford County High School until 2003 when he was expelled at age 16 due to a "drug-related transgression". [3]
Text-based economic simulation game based on the ancient Sumerian city-state of Lagash. [1] ... A trading and economics game focused around sea freight. 2010: GameBiz 3:
Monopoly is a multiplayer economics-themed board game. In the game, players roll two dice to move around the game board, buying and trading properties and developing them with houses and hotels. Players collect rent from their opponents and aim to drive them into bankruptcy.
E-Trade Paper Trading. E-Trade also offers paper trading on its Power E-Trade web platform, giving you $100,000 to trade options as you see fit. You’ll trade under your paper trading account ...
This economy may also mix with real-world currency, with players trading in-game items through external websites to the game. EVE Online is a prime example of an online game with a vast player-driven economy that, in 2014, was estimated to have a total virtual value of US$18 million based on the trading of the in-game currency.
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