A Description of INSTRAT: A Game of iInvestment Strategy

Abstract

INSTRAT* is a game designed to provide players with experience in the development and implementation of investment strategy. Players are provided with an uncertain environment in which to make strategic decisions aimed at maximizing their wealth. Initially each player is given an equal amount of money (from six to one hundred thousand dollars) which he or she is free to invest in any combination of the game’s ten listed securities. The securities differ as to risk of principal and associated income. The general description of INSTRAT, which follows, is presented in four major sections which discuss general features, player input, player output and conclusions, respectively.