Trading game simulation method

Details Trading game simulation method Trading game simulation method

2008-10-27

2011-10-25

Laneau, Ronald (Department: 3714)

Amusement devices: games

Including means for processing electronic data

In a game requiring strategy or problem solving by a...

Reexamination Certificate

active

08043151

ABSTRACT:
A trading simulation game that emulates the roles of market makers and traders involved in the securities market. The simulation allows for random market activity by specifying a starting market price and employing a subset of a pool of market-affecting items to modify the starting price and determine the final game price. Items in the subset are incrementally revealed to simulation participants during play, and designated participants may make the first offer to trade. All participants simultaneously make and accept offers to buy and sell the simulated security without restriction, based on the public and private information they have and their dynamic estimates of the final game price. Trades are tracked, and they are settled at the final game price when all items are revealed. The use of a subset of a pool of market-affecting items allows for probability-based strategy similar to popular card games like blackjack and poker.

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