How to run the Asset Market experiment
Setting Up Kaivik: First Time Instructions
The first time an instructor uses Kaivik they will set up a personal free account on the Kaivik server. This allows the creation of financial market experiments by using a Professor Dashboard. The instructor needs to save their personal login email and password for future reference.
The Dashboard will keep a record for each experiment under a unique ten letter upper case run code like “JTBGOHLPDM”.
Each run of the experiment is linked with to a unique “Room” with the ten-letter run code that can be used to retrieve the record of that run. When using Kaivik the word “room” actually means a single specific experiment run. The instructor needs to keep a record of the unique code for each run.
Setting Up Kaivik: Setting Up an Experiment Run
The order of steps for the instructor:
• Initial cash endowment per team
• Initial share endowment per team
• Probability distribution of share dividends each round
Running Kaivik: Running an Experiment
The order of steps for running an experiment are:
Once the trading starts the instructor can monitor trading from the Professor Dashboard