BUSINESS SYSTEM SIMULATOR
First Claim
1. A system comprising:
- a processor;
a user interface in communication with the processor; and
a memory in communication with the processor and storing instructions that, when executed by the processor, cause the processor to perform a method for simulating a business system that conducts a market transaction, the method comprising;
(a) determine a price for an opportunity to participate in the market, wherein determining the price comprises;
(1) select a set of mathematical factors from a plurality of sets, wherein the set of factors is associated with a predetermined price pattern;
(2) select a current factor from the selected set; and
(3) determine a price in accordance with the current factor, wherein determining the price in accordance with the current factor includes applying the current factor to an immediately prior market interval;
(b) update a financial position of a user of the system in response to a transaction; and
(c) perform the transaction in accordance with the price and an input from the user through the user interface, the input from the user corresponding in content to an input to the business system whereby the user develops skill in specifying market transactions to be conducted by reviewing changes in the user'"'"'s financial position.
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Accused Products
Abstract
Users of a simulator gain skills for investing using a simulator. The simulator simulates a business system that conducts a market transaction. The simulator selects a set of factors from a plurality of sets; selects a current factor from the selected set; and determines a price in accordance with the current factor. The simulator further updates a financial position of the user of the simulator in response to a transaction; and performs the transaction in accordance with the price and an input from the user. The input from the user corresponds in content to an input to the business system. Consequently, the user develops skill in specifying market transactions to be conducted by reviewing changes in the user'"'"'s financial position. The simulator may include a simulated competitor having a financial position affected by transactions according to a strategy of the competitor selected from a set of stored strategies.
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Citations
7 Claims
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1. A system comprising:
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a processor; a user interface in communication with the processor; and a memory in communication with the processor and storing instructions that, when executed by the processor, cause the processor to perform a method for simulating a business system that conducts a market transaction, the method comprising; (a) determine a price for an opportunity to participate in the market, wherein determining the price comprises; (1) select a set of mathematical factors from a plurality of sets, wherein the set of factors is associated with a predetermined price pattern; (2) select a current factor from the selected set; and (3) determine a price in accordance with the current factor, wherein determining the price in accordance with the current factor includes applying the current factor to an immediately prior market interval; (b) update a financial position of a user of the system in response to a transaction; and (c) perform the transaction in accordance with the price and an input from the user through the user interface, the input from the user corresponding in content to an input to the business system whereby the user develops skill in specifying market transactions to be conducted by reviewing changes in the user'"'"'s financial position. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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Specification