FactOrEasy(R): Do Students Take a Risk?

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F17%3AN0000073" target="_blank" >RIV/60460709:41110/17:N0000073 - isvavai.cz</a>
Result on the web
<a href="http://erie.pef.czu.cz/Documents/ERIE2017.pdf" target="_blank" >http://erie.pef.czu.cz/Documents/ERIE2017.pdf</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
FactOrEasy(R): Do Students Take a Risk?
Original language description
In the article, we focus on students risk level in making decisions in strategic management. To compare, in which strategy students show higher risk, we use a repeated experiment. As the experiment environment, we use business simulation FactOrEasy(R), which is the online dynamic deterministic simulation of decision-making in financial, operation, or strategic management using artificial intelligence to compete against human player. We use exports from the best games of 37 students (1st year of masters studies). To define risk, we identified decision-making spots in the game, clustered them logically, and used following groups to identify level of risk undertaken by students in the simulation: strategy behaviour, buying behaviour, selling behaviour, result behaviour, and profitability behaviour.
Czech name
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Czech description
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Type
D - Article in proceedings
CEP classification
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OECD FORD branch
50301 - Education, general; including training, pedagogy, didactics [and education systems]

Publication year
2017
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 14th International Conference Efficiency and Responsibility in Education 2017
ISBN
978-80-213-2762-7
ISSN
2336-744X
e-ISSN
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Number of pages
9
Pages from-to
451-459
Publisher name
Czech University of Life Sciences Prague
Place of publication
Prague, Czech Republic
Event location
Prague
Event date
Jun 8, 2017
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
000409038600055

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