Fishbanks: A Renewable Resource Management Simulation
Fishbanks: A Renewable Resource Management Simulation
Fishbanks: A Renewable Resource Management Simulation
By Dennis Meadows, John Sterman and Andrew King
Summary
Fishbanks is a multiplayer simulation where participants act as fishers, aiming to maximize their net worth while competing with others and managing fluctuating fish stocks. Players engage in buying, selling, shipbuilding, fishing location decisions, and negotiations. Instructors can introduce policy options like boat auctions and quotas. The simulation's learning objective is to teach students about sustainable resource management in a common pool resource setting, with realistic dynamics. It's applicable in economics, strategy, negotiations, sustainability, environmental studies, public policy, resource economics, leadership, and team-building courses, focusing on cooperation, competition, resource management, and negotiation dynamics.
Reference
Meadows, D., Sterman, J., & King, A. (2017). Fishbanks: A Renewable Resource Management Simulation. Retrieved from https://mitsloan.mit.edu/teaching-resources-library/fishbanks-a-renewable-resource-management-simulation