A year or two ago, we created a game in the family, to participate in a Board game making contest. The game did not win anything, but in doing test play and refining the game, we all loved it so much that it became a regular in the family.
Its a trading game based in the SIVC. There are traders and producers, about 7 types of commodities, regulated markets that display the buying and selling rates of the commodities being traded on that day in the market, and of course, free price negotiation among players, ability to add warehouses and factories, get a trading license or a factory license, some protectionist laws that protect domestic producers against price hedging by traders in the home port, and some regulation around how many ports a player might visit in each game play, so that monopolistic players do not develop and every trader, big or small, gets the same trading opportunity in every turn.
Over the last few years, I observed that while 4 of us play the game, everyone has a very different playing style and strategy. But what was amazing is how closely this mirrors our real life business and investment decisions.
My brother focuses on commodities that are high margin, but low value, so absolute wealth generated is lower, but they are regularly traded at all ports, so they are high frequency trades. In real life also, he tends to enter businesses that are high margin, high volume, and he has patience, just like in the game. He uses his cash wisely.
My son bets on a single commodity - it has high value and high margins, but low liquidity. In real life also, he only picks up blue chip stocks and sticks with them.
I, on the other hand, keep cash rolling. So, i make moderate profits on each trade but don't have the patience for the big kill. I also always keep a diversified portfolio of commodities on my boats. My real life investments are also low risk, high liquidity, and low margin.
Interesting, isn't it?
Have you ever learnt something about yourself or another person from a game?