Submitted by Chuck Robbins (not verified) on October 9, 2007 - 15:30.
Great story of what can be done - But is it replicable?
The advantage that Ariel has, which I doubt can be duplicated on any scale, is that Mr. Rodgers provides the students with REAL money...and money that is THEIR money if they make a profit. I do a stock market project with my seniors, but it is hypothetical money - and they know that. A person responds much differently and learns much more (especially about risk aversion) if he/she are using their own money instead of "other people's money" or "play money." For most public and private schools, I doubt that donors will be queing up to provide 6th grade classes with $20,000 a year. In my district alone that would be a couple of hundred thousand a year. While it's a great story, I am a bit more interested in something I could actually do.
Economics
Submitted by Chuck Robbins (not verified) on October 9, 2007 - 15:30.
Great story of what can be done - But is it replicable?
The advantage that Ariel has, which I doubt can be duplicated on any scale, is that Mr. Rodgers provides the students with REAL money...and money that is THEIR money if they make a profit. I do a stock market project with my seniors, but it is hypothetical money - and they know that. A person responds much differently and learns much more (especially about risk aversion) if he/she are using their own money instead of "other people's money" or "play money." For most public and private schools, I doubt that donors will be queing up to provide 6th grade classes with $20,000 a year. In my district alone that would be a couple of hundred thousand a year. While it's a great story, I am a bit more interested in something I could actually do.