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Journal of Economic Perspectives: Vol. 10 No. 1 (Winter 1996)
JEP Volume. 10, Issue 1 | 
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Classroom Games: Trading in a Pit Market
Article Citation
Holt, Charles A. 1996. "Classroom Games: Trading in a Pit Market."
Journal of Economic Perspectives,
10(1): 193-203.
DOI: 10.1257/jep.10.1.193
DOI: 10.1257/jep.10.1.193
Abstract
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.
Article Full-Text Access
Full-text Article (Complimentary)
Authors
Holt, Charles A. (U VA)
JEL Classifications
A22: Economic Education and Teaching of Economics: Undergraduate
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