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ERIC Number: ED018757
Record Type: RIE
Publication Date: 1967-Nov
Pages: 24
Abstractor: N/A
Reference Count: 0
ISBN: N/A
ISSN: N/A
EXPLORATION OF SIMULATION AS A RETIREMENT EDUCATION TECHNIQUE. FINAL REPORT.
BOOCOCK, SARANE SPENCE; SPRAGUE, NORMAN
A PILOT PROJECT EXPLORED THE ADAPTATION OF SIMULATION TECHNIQUES TO FOUR RETIREMENT PROBLEMS--FINANCIAL POSITION, PHYSICAL ENVIRONMENT (HOUSING CHOICES), HEALTH, AND SOCIAL ENVIRONMENT (PLANNING AND GAINING SKILLS BEFORE RETIREMENT). A PRELIMINARY MODEL OF A GAME IN RETIREMENT FINANCE PRESENTS PLAYERS WITH THREE INVESTMENT SITUATIONS--SAVINGS CERTIFICATES, COMMON STOCK, AND LIFE INSURANCE. THERE ARE TWO GROUPS OF PLAYERS--HOUSEHOLD DECISION MAKERS AND FINANCIAL AGENTS. IN TEN TWO-YEAR PERIODS REPRESENTING THE AGE SPAN 45-65, PLAYERS ALLOCATE DISPOSABLE INCOME TO MAXIMIZE ASSETS BY AGE 65. THE FINANCIAL AGENTS (SAVINGS AND LOAN ASSOCIATION MANAGER, STOCKBROKER, AND THREE LIFE INSURANCE AGENTS SELLING TERM, ENDOWMENT, OR STRIGHT LIFE) COMPETE FOR THE HOUSEHOLDER'S INCOME. A COORDINATOR DETERMINES EACH PLAYER'S BIANNUAL SCORE, OVERSEES THE SELECTION OF CHANGE CARDS, AND UPDATES THE ECONOMIC INDEX. FIELD TESTS, BASED ON THE CONSUMER GAME, INDICATED THAT THE SIMULATION TECHNIQUE IS EFFECTIVE AMONG OLDER WORKERS. RESEARCH WILL CONTINUE UNDER THE NATIONAL INSTITUTE OF INDUSTRIAL GERONTOLOGY, BEING ESTABLISHED BY THE NATIONAL COUNCIL ON THE AGING, TO PRODUCE A WELL-DESIGNED SEQUENCE OF GAMES TO GIVE PRACTICE IN RELATING PROBLEMS SO THAT PLAYERS CAN ARRIVE AT A COMBINATION OF DECISIONS TO FIT THEIR NEEDS AND RESOURCES. (DOCUMENT INCLUDES THREE FIGURES.) (AJ)
Publication Type: N/A
Education Level: N/A
Audience: N/A
Language: N/A
Sponsor: N/A
Authoring Institution: National Council on the Aging, Inc., New York, NY.; Office of Education (DHEW), Washington, DC. Div. of Adult and Vocational Research.
Identifiers: N/A