Designing Markets For Learning:
A Virtual Trading Room Approach
Author(s)
J. R. O’Brien
Abstract
The internet has opened up new opportunities to educators especially in terms of
embracing constructivist approaches to learning. The objective of this paper is to
describe how an interactive market approach to distant learning is designed and
implemented in the Masters of Computational Finance (MSCF) program at
Carnegie Mellon University. This approach provides a subtle blend of both
behaviorist and radical constructivist principles applied to the learning
environment. This resulted in a new solution to a problem facing educators,
which is how to design and implement experiential settings that engage students
to learn effectively.
Keywords: interactive financial markets, behaviorist, radical constructivist,
educational trading rooms, distant learning.
1 Introduction
The internet is rapidly transforming our approach to education. It permits virtual
worlds to be constructed in a manner that can deliver solutions to a major
problem facing educators. This is:
\“… to design a series of experiences for students that will enable them to learn
effectively and motivate them to engage in the corresponding activities: On both
of these points, disagreement between radical constructivists and other cognitive
psychologists would be hard to find. The more difficult problem is determining
the desirable learning goals and the experiences that, if incorporated in the
instructional phase, will enable students to achieve these goals.”
Anderson et al. [1, p238].
Keywords
interactive financial markets, behaviorist, radical constructivist,educational trading rooms, distant learning.
Related Book
Other papers in this volume
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