ANALYSIS OF THE DEVELOPMENT OF PLANNING OF 3-MAN GROUPS IN A SIMULATED ECONOMIC ENVIRONMENT.
Abstract
Analysis of the Development of Planning of 3-Man Groups in a Simulated Economic Environment' was an attempt to utilize this methodology of environment simulation to study the developmental sequence of plans or strategies employed by 40 3-man teams of Princeton undergraduates and graduate students competing in a series of specially-designed business games. The typical sequence of a game involved the pre-test of the participants, an assembly into 3-man teams on the basis of explicit criteria, and then a 10-12 week sequential series of game sessions in which the teams organized themselves and conducted competitive operations during a 2 or 3-hour weekly laboratory session. Comparative rank in weekly and cumulative earnings, communicated to all participants, was the formal reinforcement or feedback as the teams competed to finish first in comparative cumulative game dollars. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Sep 30, 1963
- Accession Number
- AD0427757
Entities
People
- John L. Kennedy
Organizations
- Princeton University