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> IF you put any group of people together for an experiment, and give them nothing else to do, they are going to trade. especially fake money because there's no
by regularfry 16y ago
> IF you put any group of people together for an experiment, and give them nothing else to do, they are going to trade. especially fake money because there's no real risk. Unnecessary trading is going to result in abberant activity.
The implication is that it's not fake money:
The difference between a good trading performance and a bad one is about $80
for a three-hour session, enough to motivate cash-strapped students to
do their best.
Now, there's an argument to be explored there about whether the behaviour of a cash-strapped student accurately represents that of an institutional investor, but I think it's probably as close as it's reasonable to expect.