Buying and Selling Game Contest 2

Hi Everyone,

Welcome to my second ‘Buying and Selling Game’ Contest results post. Today I am going back on DLive. This time I am posting a video and not trying to live stream but I will get back to trying that at some point; I hope my internet connection is up for the challenge. At the moment, I think DLive feels like a good fit for my shorter results video type posts. I will continue to use DTube for my longer economics videos.

What is the Buying and Selling Game?

For the benefit of those who have not entered this contest here is a brief explanation of how the game works.

Participants will be required to buy good/s with an allocated amount of money. Participants will normally have a choice of six goods and these six goods will be available in any of the five towns or cities in the game. The purchasing of goods will be on what I am calling Day 1.

The participants will then be required to sell all of their goods on Day 7 (this aligns with the 7 Day period for entering the contest). The participants can choose any of the five towns to sell their goods. The participant that has the most money after selling all of their goods is the winner.

Responses to the contest will be made in the comments section of the post. If several participants end up with the same amount of money, the person who entered (commented) first will win. The format of the required entry will be explained in detail in the contest itself

For a more detailed explanation you can access the contest post using the following link.

What is happening in this post?

This post contains a video of my ‘Buying and Selling Game’ Model generating the Day 7 prices for my Buying and Selling Game. In this video prices will be generated for all 6 goods for all five islands. These prices will determine the winner (the participant with the most money at the end of the game).

Results of the contest

The Table below, taken from the model, presents the lowest prices on Day 1 and the highest prices on Day 7

The winner of the ‘Buying and Selling Game’ for a second week in a row is @doughtaker. @doughtaker made a profit of approximately $257,895 by buying lychees on Small Island and selling them on Lush Island. Congratulations on winning 5 SBD.

@ashwine and @berthajoelle also made the same buying and selling decisions as @doughtaker but @doughtaker made his entry first. I will therefore award both of you 1 SBD each.

I would also like to thank the following participants for entering.

Ten of you would have been given a small upvote for your efforts. This upvote was based on your early entry into the contest, which is the same criterion as Contest #1. My criterion could change each week based on my mood at the time.

I hope everyone had fun. I will have another contest up and ready to go in a few days.