Financial board games: Playing the markets

Posted: December 24, 2012 in economy
Tags: , ,

During the recent trial of Kweku Adoboli, a former trader with UBS, the prosecution described his trades that saddled the Swiss bank with a $2.3 billion loss as “unprotected, unhedged, incautious and reckless”. Sound like fun? Now there is a way to channel your inner rogue, without the seven-year prison sentence.The makers of “Market Meltdown”, a new board game, enable rampant speculation with borrowed money to play a role in family gatherings during the upcoming holiday season. In the game, you are a trader facing severe market turmoil. As your piece (a private jet) moves around a Monopoly-style board, instead of collecting money when you pass “Go”, nervous depositors withdraw funds from your bank in sums that double with each revolution, simulating an unstoppable bank run.To keep your firm afloat you need to borrow liberally and play the market, which is represented by a roulette wheel. As loans come due and the bank run accelerates, increasingly desperate bets are required. The winner is the last player not to miss a loan repayment or deposit withdrawal.

via Economic Crisis http://www.economist.com/blogs/prospero/2012/12/financial-board-games?fsrc=rss

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