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Teaching Statistics and Risk Management with Card Games

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Games and Learning Alliance (GALA 2015)

Part of the book series: Lecture Notes in Computer Science ((LNISA,volume 9599))

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Abstract

Very often, students lack of understanding and motivation for formal concepts like programming, modelling, mathematics, or statistics although these are key skills and very important for disciplines like risk management. In this paper, we present a learning system based on the simple card game High or Low that helps to teach fundamental principles of statistics and risk management. In addition, we provide a computer prognosis to the players. Results show that if students are forced to calculate the likelihood and make the decision which option to choose on their own, the outcome is acceptable. But if a computer generated prognosis is given, a high percentage of students rely on the prognosis even if it is obviously not correct.

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Author information

Authors and Affiliations

  1. Technische Universität Dortmund, Otto-Hahn-Str. 12, 44227, Dortmund, Germany

    Markus Siepermann

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  1. Markus Siepermann
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Correspondence to Markus Siepermann .

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Editors and Affiliations

  1. Università di Genova, Genoa, Italy

    Alessandro De Gloria

  2. Information and Computer Science, University of Utrecht, Utrecht, The Netherlands

    Remco Veltkamp

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Siepermann, M. (2016). Teaching Statistics and Risk Management with Card Games. In: De Gloria, A., Veltkamp, R. (eds) Games and Learning Alliance. GALA 2015. Lecture Notes in Computer Science(), vol 9599. Springer, Cham. https://doi.org/10.1007/978-3-319-40216-1_18

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  • DOI: https://doi.org/10.1007/978-3-319-40216-1_18

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-40215-4

  • Online ISBN: 978-3-319-40216-1

  • eBook Packages: Computer ScienceComputer Science (R0)

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