Money Games
How to teach kids about money, payments and financial services.
I was thinking about games for a couple of reasons. Firstly because at a recent event someone asked about games to teach children about financial services (now that they don’t have play money any more) and secondly because I discovered that my good friend and futurist Lynette Nusbacher has been playtesting a Brexit negotiation game as part of the fascinating work she does helping governments and businesses with their scenario planning.
(I’m really looking forward to playing it as part of the Wessex Separatist faction.)
I love tabletop games. My favourites are, I imagine, the same as everyone else’s: Settlers of Catan (which many believe to the be the best board game of all time), Dominion, Carcassone, that sort of thing. My sons and their friends’ recent favourite was Game of Thrones (and we had a few late night sessions with all of them around the Westeros map) but we’re currently into Wasteland Express, which is a sort of Mad Max (or The Domestics) meets the commodity markets resource trading game, so when we’re not playing Dungeon & Dragons 5e, we’re playing that…
It’s a very good game with excellent mechanics. You’re basically like Furiosa driving a war rig across a radioactive territory full of bandits and you have to try to figure out which commodities to trade, which upgrades to shoot for and so on. It needs good strategic thinking because you have to think carefully about your routes.
It is fun around the table and gives the kids a good insight into the Hard Brexit Option as set out in the Daily Mail.
My experiences start with the time when I dusted off my copy of the “The Diners’ Club Credit Card Game”, published by Ideal in 1961. This was time when cards were far from a mass market proposition, so it looks to me as if the promotions people at Diners had had the idea of using the popular genre of the board to game to raise awareness of what exactly a card did and why anyone might want one.
It’s teaches you to spend for big-ticket items on your card so that you keep cash in hand for other purposes (investments etc). It didn’t take long to pick up and get going and it was fun playing but to be honest I’m not sure if the kids would, unprompted, pick up and have another go.
Having helped the next generation to understand what a card is, it was then time to move on to a more sophisticated game. I broke out “Charge It! The Credit Card Game”. The original version of this game seems to date from 1972, when the combination of technological and regulatory change (ie, the introduction of the magnetic stripe and Visa’s BASE I authorisation system together with the change in state usury laws) were pushing credit cards to the mainstream. My version of the game is a later revamp from 1996, in which
Players collect thinly disguised Visa, MasterCard, Amex and Discover cards then move around a board collecting stuff of one form and another.
Here’s no.2 son defying his father by using cash to purchase a carphone for $400.
When we were playing Dungeons and Dragon (D&D) around the same time, we were playtesting a Viking-themed variant with some house rules removing arcane magic from the game and adding a couple of new character classes (the Beserker barbarian variant has always been a great favourite of mine).
Variants are a great way to have fun and have people think about the underlying game mechanics so I decided to make “Charge It!” even more fun by replacing the pretend cards with real ones, but I’m sure your family would have just as much fun with the cardboard echoes.
Talking about D&D, it isn’t very good for teaching about money or payments because it involves the use of magic, which is an exogenous growth factor in a medieval economy based on scarce commodities and plentiful labour. I know politicians are fond of saying that there is no magic money tree, but on the Sword Coast, there is. So while D&D is good for getting kids interested in history and adventure, it’s not so good for economics.
Which brings me to another point. When I was reading up on the background to some the games discussed here, I noticed that they were classified as “economics” games. I think I take issue with that. I suppose you might argue that they are about economics in the original sense of the Greek root (ie, household budgets) but they don’t really teach modern economic concepts. The games are about payments, but they are not really about money or the financial services business. My kids learned about the world of financial services from games, of course, but they learned from:
- World of Warcraft. All parents should insist their children play this game while at middle school. My kids learned all of the key economic concepts from playing this game: supply and demand, comparative advantage, price curves, options and futures, auctions and reverse auctions, arbitrage and so on. They also learned all of the basic tools of the modern investment banker, including market manipulation, price-fixing, insider trading and shill bidding. It’s a shame they have both opted to study socially-useful STEM subjects at University instead of finance, much against my direction.
- Crunch. This is a card game that teaches the rudiments of banking, and it’s a really fun game. Each player is a banker and, in essence, you have to collect asset cards so that you can make loans and investments. The really clever (and super realistic) part of the game is that the banker with the most money at the end wins: it doesn’t matter whether their bank goes bankrupt or not. If you over-extend the bank but manage to trouser the treasure before the roof falls in, more power to your elbow.
- Illuminati. This remains my favourite table top card game of all time and I’m glad my kids loved it too. It has a superbly clever game mechanic which means that you build up power structures based on secret societies (e.g., The Gnomes of Zurich) but you need money to consolidate the power and you basically can’t win without screwing someone else over. A much better introduction to 21st-century pseudo-capitalist corporatism than any text book.
Meanwhile, back at “Charge It!”, I’ll just mention that I liked the two-track board idea and I thought it worked well in terms of game dynamics. You basically choose whether to go round an outer track or, once you have some credit cards to your name, an inside track with different kinds of interactions. The players don’t know what each other player is trying to collect so you have to keep an eye on what your opponents are buying as the game develops. We enjoyed playing this game and I think we might well play it again sometime.
It was then time to return to an old favourite, Monopoly. Now, the truth is that I’ve never much liked Monopoly (it’s too random for my liking) but my kids liked it when they were small and had never played Space Crusade or Heroquest. They still play it now and then (the World of Warcraft edition is the current favourite I think). When I play tested with them, I started with our copy of the Monopoly Electronic Banking edition, which replaced cash with cards some years ago and thus obtained my deputy-head-of-household seal of approval.
An interesting aside: At Consult Hyperion’s tenth anniversary Forum back in 2007, the wonderful people at Hasbro very kindly donated a few Monopoly Electronic Banking sets to the event and we ran a tournament using them! Within a couple of years, our thoughts had naturally turned to mobile and contactless, so we played a version of the game using contactless cards and NFC phones using some software that I pestered our in-house development team (the “Hyperlab”) to put together for the event.
And so we meander closer to our post-crash finance landscape, with our next stop at a game of Monopoly Zapped. In this game, the players have cards (with no embossing any more, unlike the replacement payment cards sent to me in last month by my actual card issuers) and the “bank” is your own iPad rather than a custom piece of hardware. How right this is, on so many levels. To effect a transaction, you simply touch your “ID card” to the iPad when necessary.
The family verdict on this one was very positive indeed. The contactless interface was quick and simple, it was convenient having the iPad keep track of everything and the game play zipped along at a decent pace. If your kids like Monopoly, they will like it even more now it is enhanced by mobile phones and contactless payments.
Crypto!
Which brings us to the cryptocurrency era. In 1961, Diners’ Club needed a game to teach people about cards. In 1972, “Charge It!” taught people about credit. Monopoly Electronic Banking introduced a cashless economy and Monopoly Zapped the contactless economy. So I think it is time to create a game to teach people about cryptocurrency. I’m thinking either a combination of Crunch and Illuminati that builds the blockchain on the table in front of the players with some kind of Trivial Pursuit-style game to represent the distributed proof-of-work or a combination of Cluedo and Monopoly where the goal is to find the Satoshi (“It was David Chaum, in the library, with a TRS-80”) while hoarding your Bitcoins and stealing your opponents.
While I was kicking around some ideas on this I remembered the fun I’d had with “The Privacy Game” back in 2012 as part of a project called VOME with the UK Technology Strategy Board. The idea of the project was to help people who are specifying and designing new, mass-market products and services to understand privacy issues and make better decisions on architecture. Part of the project was about finding different ways to communicate with the public about privacy and factor their concerns into the requirements and design processes. One the experiments was a card game lead by Dr. David Barnard-Wills from Cranfield University. I was involved in playtesting it.
Turned out that David and his team had invented a pretty good game. Think the constant trading of “Settlers of Catan” with the power structures of “Illuminati” mixed with game play of “Crunch”. I liked it. You get cards representing personal data of different kinds. Depending on who you are (each player is a different kind of business: bank, dating agency, insurance company etc) you want different datasets and you want to link them together into your corporate database. A dataset is a line of three or more data items of the same kind. Here’s a corporate database with two datasets in it: the green biographical data 2–2–3 and the orange financial data 3–3–3, these will score at the end of the game.
There are event cards, that pop up each round to impact the play, and some special cards that the players get from time to time. Check out the database I ended up with in the game that my colleague and I won! I was the bank, so I was trying to collect financial data in my database but I was also trying to collect social data in my hand. I remember having great fun playing this, so I decided that something based on cards would be good for my Bitcoin game (especially given the fact that Mt. Gox started life as a shrine to Magic The Gathering) and got to work. Anyway, I started to make a prototype, let me know what you think…
I also had the idea for decoupling the market price from the underlying value with proper Illuminati-style secret market manipulation so that the players with Bitcoins will try to work together to drive up the market price. As with Crunch, the goal is to amass a personal fortune even if you bankrupt widows and orphans in the process.
My original idea was that there would be something like 100 wallets, each with a two digit number (00–99) and when players create a new wallet they get to pick the next card from a shuffled deck. So each player knows which wallets are theirs but the others do not. Money gets transferred between wallets according to some kind of trading that never finished properly working out yet and the players try to nudge the game so that more money ends up in their own wallets.
At the end of the game (when the last coin has been mined) the remaining wallets are given to their owners and the contents added up so the person with the most money wins. At any point in the game, players can prove ownership of a wallet and cash it out into $$$. Players will be trying to hack each other throughout the game and will gang up to stop the richer players from winning.
I’ve been back to this a couple of times but I haven’t thought it all through yet, but basically unconfirmed transactions go onto the table and when player gets a puzzle question right (or maybe all the players are given the same puzzle?) they get to add the unconfirmed transactions to the blockchain and win an extra Bitcoin for themselves. I did have an idea for some “Uncontrollable Event Cards” from the game:
- “Hard drive crash, lose all of your Bitcoins”
- “The exchange has been hacked, lose all of your Bitcoins”
- “The dog ate your cold wallet, lose all of your Bitcoins”
- “Your favourite exchange turns out to have been a scam, lose all of your Bitcoins”
- “Your PC is infected with malware that stole your password, lose all of your Bitcoins”.
It’s got winner written all over it, but on the outside chance that one of you may have a better idea, I’m all ears!
