Using U-Mart System for the lecture of economics
We report the result of lectures using U-Mart which was held held at Chiba Institute of Technology, February 28 –March 2, 2005. We verified that without the orders from machine agents, orders from 150 students have enough variety to determine the market price. However, it is necessary to overcome various problems, especially incentive problems, to use data from lecture for research.
Key wordsU-Mart Gaming Simulation Artificial Market education
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