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Tuesday 27 October 2015

ESCP Europe's Prof. Anthony J. Evans invents 'choose your own financial crisis' roleplaying game

When the global financial crisis hit in 2008, the rights and wrongs seemed very black and white to many armchair commentators. But given the chance, how would you have handled the UK's own collapse into recession?

One way to find out is to have a go at a new role-playing game named 'Choose Your Own Financial Crisis'.

Invented by Prof. Anthony J. Evans, the game's premise is as follows:

On a recent trip to London you decided to visit the Bank of England museum, and played the infamous "Monetary Policy Balloon game". In fact, you played it so well an alarm sounded and several men wearing black suits asked you to accompany them "upstairs". You are told that the Governor, Mervyn King, has taken ill and they are looking for a stand-in. You have the high score, so they turned to you. The future of the British economy is in your hands. Academics, policymakers, the media and the general public will depend on YOU to do the right thing. But what is it?

Prof. Evans shared his inspiration behind the game with Business Insider UK:

"Rather than conduct a historical study of what plausible alternatives faced the actual decision maker, I wanted to illustrate how alternative schools of thought might have approached those situations, and provide some scenarios about how they may have fared.

"It has extended existing scenario analysis but also makes the case for economists to take counterfactual reasoning more seriously. Perhaps if we did so, policy making would be improved."

Prof. Evans is Associate Professor of Economics at ESCP Europe. He teaches on the Master in Management (MIM) and Master in European Business (MEB) at the London campus, and is currently ranked in the top 25 of the The UK Economists Power 100 chart.

You can play his RPG here:

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