Wednesday, November 16, 2011

Journal 11/15/2011

In the candy stock simulation, we used different types of candy such as Laffy Taffy, Mr. Goodbar, and other candies to simulate money. For example, the marshmallow pumpkins were "$100", and the banana Laffy Taffy was "$5". We had to makes trades with other groups, depending on the changing prices. When we first walked in, the candy was scattered all over the floor, and when we were given the go ahead, we had to get as much candy as we could get in order to start with plenty of "stocks". We then had to watch the boards to pay attention to the prices of different candies and trade them accordingly. One of our best stocks, Krackle, split, doubling the value of our Krackle bars. After the trading, we added up all our "stocks" and came up with a total account value. Our group was a little over $3000, with plenty of diversity in our stocks.

(Vocab and transactions in separate post)

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