Classroom Games
Trading in a Pit Market
Bibliographic Data
| ID | 4029063 |
|---|---|
| Authors | Charles A Holt (0000-0002-7282-0185, Professor of Economics, University of Virginia, Charlottesville, Virginia., corresponding author) |
| Year | 1996 |
| Volume | 10 |
| Issue | 1 |
| Pages | 193-203 |
| Publication date | 1996-02-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Journal of Economic Perspectives (JOURNAL) |
| Journal identifiers | ISSN: 0895-3309 • E-ISSN: 1944-7965 |
| Publisher | American Economic Association (PUBLISHER • US) |
| DOI | 10.1257/jep.10.1.193 |
| OpenAlex | W2157767389 |
| Language | EN |
| Citations received | 9 |
| References cited | 4 |
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
Economics · Financial economics · Financial market · Futures contract · Futures market · Industrial organization · Microeconomics · Supply and demand · Innovations in Educational Methods · Organizational Management and Leadership · Finance
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| Unique citing works | 9 |
|---|---|
| Citations per year | 0.33 |
| Citation span | 1999 - 2024 (26) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 8 |