At 03:40 PM 2/16/2002 +0000, Keith Hudson shared: >Daniel Zizzo of Oxford University and andrew oswalkd of Warwick University >crafted a series of experiemtns in which groups of four people were given >nearly equal sums of money. The four had to gamble with their new wealth in >random, computerised bets; two came out each time with more cash, and two >with less.
Hi Keith, John Holt, who wrote "How Children Fail" and many other books, wrote about simulations in one of them. Basically what he said was that you do not learn how to play poker with monopoly money. It appears that you do but until YOUR OWN REAL MONEY is on the line no real understanding can be ascertained. The same can be said for the infamous life raft simulation that was used to teach stages of moral development. Who really knows what they would do in life or death situations until you find yourself in such a situation. Think of the fireman and police going up the stairs of the world trade centre on 09/11/02 as most of the money traders ran down. Victor Frankl in "Man's Search for Meaning" witnessed many heroes at Auschwitz take the place of many who were picked to go to the ovens. Brian McAndrews
