The Counterintuitive Concept of Ergodicity in the Context of a Business Simulation Game

Chrysa Bika; Sarah Koblitz; Nilüfer Faizan; Robert Heininger; Matthias Christoph Utesch; Helmut Krcmar

doi:10.1007/978-3-030-68198-2_50

The Counterintuitive Concept of Ergodicity in the Context of a Business Simulation Game

Chrysa Bika, Sarah Koblitz, Nilüfer Faizan, Robert Heininger, Matthias Christoph Utesch, Helmut Krcmar

TUM Emeriti of Excellence

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

Abstract

The concept of ergodicity as described in the London Mathematical Laboratory seems very counterintuitive. Something is ergodic when its time average equals to its expectation value. Transferring this sentence into a more suitable real-life situation, one can say pooling and sharing earnings will increase one’s wealth steadily over time. One may wonder why should they cooperate with each other when they all have bad exterior conditions? Will cooperation not make everything worse? We developed a Business Simulation Game, New Rising of the Ylsung concept, which tests different parameters to visualize the concept of ergodicity. We distinguished that in most of the cases it brings a greater advantage to collaborate than to work by oneself. Moreover, the simulation helps high school students to understand the research of the London Mathematical Laboratory in a playful manner. Hence, they do not have to read research papers, but simply play through our Business Simulation Game while adjusting the parameter sets and analyzing the graphs. Our main aim is to find out to what extend the application of different parameters between cooperation and non-cooperation differ from each other and how the application of those looks in real-life scenarios.

Original language	English
Title of host publication	Educating Engineers for Future Industrial Revolutions - Proceedings of the 23rd International Conference on Interactive Collaborative Learning ICL2020
Editors	Michael E. Auer, Tiia Rüütmann
Publisher	Springer Science and Business Media Deutschland GmbH
Pages	542-553
Number of pages	12
ISBN (Print)	9783030681975
DOIs	https://doi.org/10.1007/978-3-030-68198-2_50
State	Published - 2021
Event	23rd International Conference on Interactive Collaborative Learning, ICL 2020 - Tallinn, Estonia Duration: 23 Sep 2020 → 25 Sep 2020

Publication series

Name	Advances in Intelligent Systems and Computing
Volume	1328 AISC
ISSN (Print)	2194-5357
ISSN (Electronic)	2194-5365

Conference

Conference	23rd International Conference on Interactive Collaborative Learning, ICL 2020
Country/Territory	Estonia
City	Tallinn
Period	23/09/20 → 25/09/20

Keywords

Business simulation
Economic concept
Ergodicity
Ergodicity economics
Game
Playful learning

Access to Document

10.1007/978-3-030-68198-2_50

Cite this

Bika, C., Koblitz, S., Faizan, N., Heininger, R., Utesch, M. C., & Krcmar, H. (2021). The Counterintuitive Concept of Ergodicity in the Context of a Business Simulation Game. In M. E. Auer, & T. Rüütmann (Eds.), Educating Engineers for Future Industrial Revolutions - Proceedings of the 23rd International Conference on Interactive Collaborative Learning ICL2020 (pp. 542-553). (Advances in Intelligent Systems and Computing; Vol. 1328 AISC). Springer Science and Business Media Deutschland GmbH. https://doi.org/10.1007/978-3-030-68198-2_50

Bika, Chrysa ; Koblitz, Sarah ; Faizan, Nilüfer et al. / The Counterintuitive Concept of Ergodicity in the Context of a Business Simulation Game. Educating Engineers for Future Industrial Revolutions - Proceedings of the 23rd International Conference on Interactive Collaborative Learning ICL2020. editor / Michael E. Auer ; Tiia Rüütmann. Springer Science and Business Media Deutschland GmbH, 2021. pp. 542-553 (Advances in Intelligent Systems and Computing).

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title = "The Counterintuitive Concept of Ergodicity in the Context of a Business Simulation Game",

abstract = "The concept of ergodicity as described in the London Mathematical Laboratory seems very counterintuitive. Something is ergodic when its time average equals to its expectation value. Transferring this sentence into a more suitable real-life situation, one can say pooling and sharing earnings will increase one{\textquoteright}s wealth steadily over time. One may wonder why should they cooperate with each other when they all have bad exterior conditions? Will cooperation not make everything worse? We developed a Business Simulation Game, New Rising of the Ylsung concept, which tests different parameters to visualize the concept of ergodicity. We distinguished that in most of the cases it brings a greater advantage to collaborate than to work by oneself. Moreover, the simulation helps high school students to understand the research of the London Mathematical Laboratory in a playful manner. Hence, they do not have to read research papers, but simply play through our Business Simulation Game while adjusting the parameter sets and analyzing the graphs. Our main aim is to find out to what extend the application of different parameters between cooperation and non-cooperation differ from each other and how the application of those looks in real-life scenarios.",

keywords = "Business simulation, Economic concept, Ergodicity, Ergodicity economics, Game, Playful learning",

author = "Chrysa Bika and Sarah Koblitz and Nil{\"u}fer Faizan and Robert Heininger and Utesch, {Matthias Christoph} and Helmut Krcmar",

note = "Publisher Copyright: {\textcopyright} 2021, The Author(s), under exclusive license to Springer Nature Switzerland AG.; 23rd International Conference on Interactive Collaborative Learning, ICL 2020 ; Conference date: 23-09-2020 Through 25-09-2020",

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doi = "10.1007/978-3-030-68198-2_50",

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publisher = "Springer Science and Business Media Deutschland GmbH",

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Bika, C, Koblitz, S, Faizan, N, Heininger, R, Utesch, MC & Krcmar, H 2021, The Counterintuitive Concept of Ergodicity in the Context of a Business Simulation Game. in ME Auer & T Rüütmann (eds), Educating Engineers for Future Industrial Revolutions - Proceedings of the 23rd International Conference on Interactive Collaborative Learning ICL2020. Advances in Intelligent Systems and Computing, vol. 1328 AISC, Springer Science and Business Media Deutschland GmbH, pp. 542-553, 23rd International Conference on Interactive Collaborative Learning, ICL 2020, Tallinn, Estonia, 23/09/20. https://doi.org/10.1007/978-3-030-68198-2_50

The Counterintuitive Concept of Ergodicity in the Context of a Business Simulation Game. / Bika, Chrysa; Koblitz, Sarah; Faizan, Nilüfer et al.
Educating Engineers for Future Industrial Revolutions - Proceedings of the 23rd International Conference on Interactive Collaborative Learning ICL2020. ed. / Michael E. Auer; Tiia Rüütmann. Springer Science and Business Media Deutschland GmbH, 2021. p. 542-553 (Advances in Intelligent Systems and Computing; Vol. 1328 AISC).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

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AB - The concept of ergodicity as described in the London Mathematical Laboratory seems very counterintuitive. Something is ergodic when its time average equals to its expectation value. Transferring this sentence into a more suitable real-life situation, one can say pooling and sharing earnings will increase one’s wealth steadily over time. One may wonder why should they cooperate with each other when they all have bad exterior conditions? Will cooperation not make everything worse? We developed a Business Simulation Game, New Rising of the Ylsung concept, which tests different parameters to visualize the concept of ergodicity. We distinguished that in most of the cases it brings a greater advantage to collaborate than to work by oneself. Moreover, the simulation helps high school students to understand the research of the London Mathematical Laboratory in a playful manner. Hence, they do not have to read research papers, but simply play through our Business Simulation Game while adjusting the parameter sets and analyzing the graphs. Our main aim is to find out to what extend the application of different parameters between cooperation and non-cooperation differ from each other and how the application of those looks in real-life scenarios.

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Bika C, Koblitz S, Faizan N, Heininger R, Utesch MC, Krcmar H. The Counterintuitive Concept of Ergodicity in the Context of a Business Simulation Game. In Auer ME, Rüütmann T, editors, Educating Engineers for Future Industrial Revolutions - Proceedings of the 23rd International Conference on Interactive Collaborative Learning ICL2020. Springer Science and Business Media Deutschland GmbH. 2021. p. 542-553. (Advances in Intelligent Systems and Computing). doi: 10.1007/978-3-030-68198-2_50

The Counterintuitive Concept of Ergodicity in the Context of a Business Simulation Game

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