Who Wants To Be A Who Wants To Be A Millionaire!!Millionaire!!

The High Pressure, The High Pressure, High Tech World of High Tech World of The Stock Market!!The Stock Market!!

Your Chance To Your Chance To Make Your Make Your Fortune!!Fortune!!

Start With Start With $100,000!!$100,000!!

Where It Stops, Where It Stops, Nobody Knows!!!Nobody Knows!!!

Who Are We??Who Are We??The The

Mathematics!!Mathematics!!

Kathryn HoffKathryn Hoff

Christie Wheeler

Gerald Hifner

Doug Floyd

Action ResearchAction Research

A comparative study using a A comparative study using a web based stock market web based stock market simulation in a finance class, simulation in a finance class, then comparing to a class who then comparing to a class who receives traditional lecture. receives traditional lecture. The evaluation will consist of a The evaluation will consist of a written post-test and a stock written post-test and a stock market portfolio.market portfolio.

The StrategyThe Strategy

Active participation Active participation in a “real world” in a “real world” simulationsimulation

Buying and selling Buying and selling at actual stock rates at actual stock rates

Trading (simulated) Trading (simulated) stocks of real stocks of real companies.companies.

Strategy ResearchStrategy Research

Using Simulations To Enhance Career Using Simulations To Enhance Career EducationEducation www.ed.gov/databases/ERIC_Digests/ed4045www.ed.gov/databases/ERIC_Digests/ed4045

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Simulations are thought to be effective, in part, because they elicit higher levels of arousal, motivation, task engagement, and quality of problem-solving in students than that offered by traditional classroom methods(Funke, 1988). In addition, they teach persistence, creativity, appropriate help seeking, and cooperative teamwork(Cairns, 1995)

Strategy ResearchStrategy Research

Human Resources Skills: Learning Through an Human Resources Skills: Learning Through an Interactive Multimedia Business SimulationsInteractive Multimedia Business Simulations www.outreach.uiuc.edu/ijet/v2n1/klassen/index.htmlwww.outreach.uiuc.edu/ijet/v2n1/klassen/index.html

In the evaluation of this educational tool the researchers have shown that the use of this interactive computer based instructional technique practically enhances user learning and recruitment skills. …it is clear that in the 21st century this type of instructional method will continue to develop towards being an essential tool of management education (Klassen, Drummond, 2000)

Strategy ResearchStrategy Research

Creative Teaching: Simulations, Creative Teaching: Simulations, Games and Role PlayingGames and Role Playing www.joe.org/joe/1989summer/tt1.htmlwww.joe.org/joe/1989summer/tt1.html

Numerous life skills can be developed by participating in gaming or simulation situations. Students can be introduced to difficult concepts that will be meaningful and understandable when experienced. Problem-solving skills, self-motivation, and self-confidence are enhanced through simulation experiences (DeBord, 1989)

Strategy ResearchStrategy Research

Simulations for LearningSimulations for Learning http://tina.lancs.ac.uk/computing/http://tina.lancs.ac.uk/computing/

users/mbt/simulations/simulations.htmlusers/mbt/simulations/simulations.html

The deeply engaging nature of simulation use has been much commented upon. It does however have the potential for negative effects. The student can get so involved in manipulating variables in the simulation that they fail to take a detached analytic approach or to bother to undertake a more 'boring' scientific set of experiments. For the learner, spending time using the simulation may be equated with learning: time of use becomes a measure of progress (Twidale,1995) .

The ToolThe Tool

Web based Web based InstructionInstruction

InvestSmart Stock InvestSmart Stock Market GameMarket Game

Tools ResearchTools Research

Teaching and Learning with Internet ToolsTeaching and Learning with Internet Tools A Position PaperA Position Paper

Tecfa.unige.ch/edu-comp/edu-ws94/Tecfa.unige.ch/edu-comp/edu-ws94/contrib/schneider/schneide.fm.htmlcontrib/schneider/schneide.fm.html

Learning Activities that can be utilized by using the Web are: Programmed Instruction, Computer Assisted Instruction, Intelligent Computer Assisted Instruction, Computer Based Learning, Intelligent Learning Environments, Knowledge Construction and amp, Environments and amp, Intellectual Toolkits (Schneider, 1994).

Tools ResearchTools Research

Web-based simulations as teaching and Web-based simulations as teaching and learning media in Political Sciencelearning media in Political Science http://ausweb.scu.edu.au/aw99/papers/

naidu/paper.htmlThis paper describes the experience of using a web-based simulation in the political Science department at the University of Melbourne. It compares the effects of using traditional media for teaching and learning with those that issue from CMC via the Internet and WWW. Consequently it argues that the effectiveness of using CMC in the teaching and learning environment is dependent on the design by which it is implemented (Linser, Naidu, 1999)

Tools Research Tools Research College students' computer attitudes College students' computer attitudes

and interest in Web based distance and interest in Web based distance educationeducation Journal of Family and Consumer ServicesJournal of Family and Consumer Services

To help students have more positive attitudes toward computers, faculty might incorporate Internet activities, projects, and curriculum content into resident instruction. Such activities would then be conducted in a supported environment where students may begin to experience positive results in Web-based activities. Students with these opportunities during their years at the university may be better prepared for Web-based learning experiences they may find necessary to maintain job skills and advance professionally (Robertson,Stanforth, 1999).

The AssignmentThe Assignment

You will be doing You will be doing an internet Stock an internet Stock Market SimulationMarket Simulation

Each of you will Each of you will research and research and create a stock create a stock portfolioportfolio

The exercise will The exercise will run for ten days run for ten days

ProceduresProcedures

http://library.http://library.thinkquestthinkquest.org/10326/marke.org/10326/market_simulation/indext_simulation/index.html.html

Quantitative AssessmentQuantitative Assessment

Chapter TestChapter Test MeanMean ModeMode Standard Standard

DeviationDeviation RangeRange

Qualitative AssessmentQualitative Assessment

Student Student QuestionnaireQuestionnaire

PortfolioPortfolio

ClosingClosing

MoneyMoney Pink FloydPink Floyd