During a trading simulation session, he traded fictional stocks in a fictional market.
If you grew up playing computer games in the early eighties, you will know Elite, the legendary space trading simulation written by two Cambridge university students, David Braben and Ian Bell.
The seminal space exploration and trading simulation, which presented the player with a ship and a vast galaxy and then left everything else up to them, was an utterly crucial piece of escapism for me.
Applications demonstrated in this paper proved successful in trading simulation.
The method's success is illustrated by a trading simulation.
The company deploys a trading simulation to colleges and universities, identifies top trading talent, then takes a placement fee from banks and hedge funds.
The best way to evaluate alternative financial model is therefore to evaluate their trading performance by means of trading simulation.
Most investors at the trading simulation Web site aren't interested in the stock, but gurus like its multiple of 13.3 times earnings and a price-to-earnings growth (PEG) ratio of 0.6.
"We know of a large financial services company using Cassandra to store data produced by their trading simulations," Mr. Bryce said.
Once burned, twice shy, investors behave in predictable ways, Smith discovered through his trading simulations.
