TEACHING MANAGEMENT AND FINANCE THROUGH SIMULATION - Choosing the Proper Paradigm

Marco Remondino, Anna Maria Bruno, Nicola Miglietta

2010

Abstract

Compared to analytical modelling, simulation has sometimes a greater expressive and computational power, especially for a behavioural study of an activity, system, organisation and other topics from the Social Sciences, which an analytic study cannot adequately achieve. In this paper simulation is discussed as a support for teaching and knowledge transfer: a model can be built and used to dynamically show and explain a particular phenomenon through direct experiments, though contributing to a “maieutical” way of learning by the students (learning by doing). Also team work is triggered by using simulation models as a educational tool. In particular, three simulation paradigms are described, along with their potential applications and points of strength and weakness. Management and Finance are the focus of the work, but the same considerations may be extended to other social disciplines and sciences. Note: Although the article is the result of a joint research project, the paragraphs are divided among the authors as follows: paragraphs 1 and 5 are jointly written and equally divided among all the authors; paragraph 2 is by Nicola Miglietta; paragraph 3 is by Anna Maria Bruno and Marco Remondino; paragraph 4 is by Marco Remondino.

References

1. Bonabeau E., 2002. Agent-based modeling: Methods and techniques for simulating human systems, PNAS 99 Gilbert N., Terna P., 2000. How to build and use agentbased models in social science. Mind & Society, n. 1 Ostrom T., 1988. Computer simulation: The third symbol system. Journ. of Experimental Social Psychology, 24 Power, C., 2009. A Spatial Agent-Based Model of NPerson Prisoner's Dilemma Cooperation in a SocioGeographic Community. JASSS n. 12.
2. Remondino M., Cappellini A., 2005. Introducing Social Issues into a Minority Game by Using an Agent Based Model, in Social Simulation: Technologies, Advances and New Discoveries, Edmonds B. et al. eds. Idea Group Publishing, ISBN: 978-1-59904-522-1.

Paper Citation

in Harvard Style

Remondino M., Bruno A. and Miglietta N. (2010). TEACHING MANAGEMENT AND FINANCE THROUGH SIMULATION - Choosing the Proper Paradigm . In Proceedings of the 2nd International Conference on Computer Supported Education - Volume 1: CSEDU, ISBN 978-989-674-023-8, pages 464-468. DOI: 10.5220/0002801304640468

in Bibtex Style

@conference{csedu10,
author={Marco Remondino and Anna Maria Bruno and Nicola Miglietta},
title={TEACHING MANAGEMENT AND FINANCE THROUGH SIMULATION - Choosing the Proper Paradigm},
booktitle={Proceedings of the 2nd International Conference on Computer Supported Education - Volume 1: CSEDU,},
year={2010},
pages={464-468},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0002801304640468},
isbn={978-989-674-023-8},
}

in EndNote Style

TY - CONF
JO - Proceedings of the 2nd International Conference on Computer Supported Education - Volume 1: CSEDU,
TI - TEACHING MANAGEMENT AND FINANCE THROUGH SIMULATION - Choosing the Proper Paradigm
SN - 978-989-674-023-8
AU - Remondino M.
AU - Bruno A.
AU - Miglietta N.
PY - 2010
SP - 464
EP - 468
DO - 10.5220/0002801304640468