One specific company that is leading the merge between simulations and education is EquitySim.
Their financial markets simulation allows students to manage a portfolio.
Although the “money” is simulated it functions similarly to how real money would. If there is a crash in the real world market the simulation will reflect that, in real time.
Using AI and IO technology the simulation evaluates students based on:
- Learning ⇒ How sophisticated they become over time.
- Risk management ⇒ How they actively manage risk over time
- Research ⇒ How their research and rationale develops over time
- Engagement ⇒ How engaged and passionate they are over time
This is a great feature because it extends beyond only evaluating portfolio return. Often students can make profitable trades without having a good understanding of investing.
These indicators accomplish the task of showcasing the skill and thought process of the student.