3B Barter Game by Henry Chung

See:

henrychung3 — 2025-03-24 01:30:50 UTC

e.g What did I observe in the game?

Think

henrychung3 — 2025-03-24 01:31:54 UTC

e.g What are the differences between the game and consumption in reality?

Wonder

henrychung3 — 2025-03-24 01:37:38 UTC

e.g Why did we stop using the barter system? --> What are the disadvantages in using the system??

Think

2025-03-24 04:12:58 UTC

I think the game is easier then in real life as we could shout out to see who can have trade with me. In real life we need to find one person then one person but not all people at a time. The game also didn't count the value of different object, such as diamond is more expensive than flower.

Wonder:

2025-03-24 04:13:31 UTC

The disadvantages of the barter system:

-there will be a lack of common measure value

-the value of the object is not constant

-lack of double coincidence of wants

2025-03-24 04:14:33 UTC

see: A lot of people were desperately trying to get what they want. some items were high in demand and some items were being traded away because no one wanted them.

think: In the game, money is not involved, there are no official values of “items” because they are an idea of an actual thing printed in paper, they are defined based on the demand of them item. therefore it wouldn’t be the same in real life as items already have set values.

wonder: what would happen if the items are given actual values instead of basing the value off of a demand of an item?

how would we settle conflicts among trade?

See

2025-03-24 04:14:38 UTC

In this game, I realized that there isn’t enough items to satisfy everyone’s need, I cant have a fair trade since don't have the item that they want, thus they will not give me the item I want. Also, I will need to make a lot of transactions before actually getting the item I want.

There are a lot of unwanted items and not enough popular items.

Wonder

s22u07 — 2025-03-24 04:14:53 UTC

I wonder why we stopped using the barter system?

Below are some disadvantages of using the barter system:

-Difficult to agree on a price (is the trade a fair trade?)

-unclear form of currency (how do you determine the value of a certain item?

-Collision/coincidence of wants (the other party wants the same thing, thus refusing to trade)

-Inconvenient, as it it not only a tedious process of multi transactions, but also a difficult from of currency to carry around

-Difficult to store and to determine wealth

s22m30 — 2025-03-24 04:15:08 UTC

Think:In the game,we need to use products to trade for the goods we want.However,in reality,we used money to buy for goods and services. in the game, it is difficult to satisfy our wants as the other party might not want your product. The economic system is different.

See:

2025-03-24 04:15:53 UTC

I saw that everyone huddled around in groups while bartering instead of talking in a group. It was shocking to me that they’d rather barter than auctioning their items off.

I saw that they would usually trade with their friends before asking other people for their items. If their friends couldn’t provide the items they wanted, they would switch groups and try to get what they wanted.

Group 3

2025-03-24 04:15:54 UTC

See:

I observed that a lot of people couldn’t trade for something that they wanted because the other person didn’t want what they offered to trade and the whole game was very chaotic.

Think:

The difference between the game and consumption in reality is firstly, in reality, the demand of certain products will be higher. Transactions will be difficult as it is hard to find someone who is willing to trade the object you want for something you already possess.

Wonder:

I think we stopped using the barter system is the difficulty of the coincidence of wants (other people wanting your objects and them possessing the object you want), and there is also lack of a common measure of value in the trade.

3B 8, 11, 18, 19

2025-03-24 04:16:02 UTC

In this game where many ppl want to have the same thing ex. flowers we saw a lot of chaos as there are limited amount of flower holders , and people is just screaming and yelling for it and trying their best to get what their desires.

In reality we use money instead of objects to trade for different demands, we think it is harder in reality to get what we want as money kind of determines what you can get now. Before, the value of each object just depends on how much we want it, yet now it solely depends on currency.

WHY did the Barter system stop?

What happens in society when a large amount of people goes for the same demand at once?

Does it count as fair in the barter system if its whole purpose is just for us to get our own demands?