1. Suppose you are a market maker who currently has no net position in a security that is currently valued at $10. In one day, you expect the security's fair value to be either $9, $10, or $11, all ...

Hardymon, G. Felda. "VC Game: A massive multi player simulation of a venture capital market used to teach portfolio management." Simulation and Teaching Note. 2003. Multimedia.

and that new treatments will enter an existing market paradigm. This is often not valid (or at least not sufficient) in today’s fast moving and complex markets. Simulation is the process of ...