A couple of economics games I really liked were: Capitalism Lab, which builds on the original Capitalism and Capitalism II by adding several more options (some through mods). Wall $treet Raider, which you can learn a lot from about various big business dealings and economic trends. Different ways to use subsidiaries, holding companies, greenmail, liquidation, diversification, etc. https://www.capitalismlab.com/ https…
Simulations and games in economics education
21–28 of 28 posts
Re: Simulations and games in economics education
#22I hope more people play Prosperous Universe. Using NPCs to simulate an economy can be done in theory but it is probably too impractical to have been implemented in actual video games. Yes, some research grade simulations use machine learning to simulate economic actors which is as good as it gets but when it comes to games it is better if every economic actor is another player as this avoids the NPC Vs human behavior…
Re: Simulations and games in economics education
#23Not one mention of how to incorporate socio-behavioral aspects of economic theory into the simulation, despite behavioral economic theory widely being recognized as the most realistic and true to life theoretical basis of economics.
Re: Simulations and games in economics education
#24It appears to have been mostly written by Steven Gold in 2008 (Wikipedia user is named 'stevencgold'. He is a creator of economic simulation software. The article may have been written as PR for his business, while avoiding a direct display of conflict of interest.
Re: Simulations and games in economics education
#25A couple of economics games I really liked were: Capitalism Lab, which builds on the original Capitalism and Capitalism II by adding several more options (some through mods). Wall $treet Raider, which you can learn a lot from about various big business dealings and economic trends. Different ways to use subsidiaries, holding companies, greenmail, liquidation, diversification, etc. https://www.capitalismlab.com/ https…
Yes! I have too many hours sunk into caplab.
Re: Simulations and games in economics education
#26Earlier quoted context omitted.
Yes! I have too many hours sunk into caplab.
Do you always hire a COO at some point to manage your retail? I get overwhelmed by the time I have more than one retail store per city.
Re: Simulations and games in economics education
#27Re: Simulations and games in economics education
#28HN discussion: https://news.ycombinator.com/item?id=31785199