Tuesday, November 4, 2014

WEALTH

LUCK -- both with respect to initial endowment & to finding the right trading partner.







NATURAL ABILITY -- math skills to figure out which trades were beneficial and
bargaining/negotiating skills






EFFORT -- willingness to figure things out, find trades, keep playing







MOTIVATION -- desire to improve your position, win a prize,
succeed








These four factors were most important to you in the "Wealth" game.  These factors determined how much you increased your "wealth" value of your bag.

Guess what -- they will also be the exact same factors will be important in your financial life.   They are the basic determinants of wealth.

Create a new blog entry titled "WEALTH".    Summarize your experience with the game - your status at the beginning, your trading experience, and your final status.    Discuss how each of these factors played into how well you did (or didn't do) in the game.   Also relate each of these four factors in your personal life and how they currently influence/guide your financial decisions.  Also discuss how you can change your current behaviors in the future as related to your financial decisions.

Your post should be well-written with complete sentences and be no shorter than 300 words.




 
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