Ever thought that playing redemption games could teach you anything? No? Me neither. But below is an interesting piece on how a parent has actually noticed the way there kids play redemption games, and how it can teach them how to invest thier money. It’s quite an interesting way to look at it, but one that seems obvious to me, now that it’s been pointed out.
[via Three Thinking Hats]
I mentioned in a previous post how I am teaching my eldest daughter about money, saving, and frugality using a “money jars” system. I have been looking for a good way to introduce the concept of investment, risk, and return to her but I realized yesterday that one of her favorite pastimes is providing her with a great introduction to the subject.
Every big mall in Indonesia, and pretty much all over Asia, has a video arcade. In Indonesia, the biggest chain of these arcades is called Timezone. A lot of the games give out tickets based on how well you have performed in the game. A large number of the games are games of chance, for example; the kind of game where you have to press a button that drops a ball into a spinning wheel of fortune which, depending where it falls, could either win you one ticket or one hundred. Some of the games are more skill or reaction time focused such as hitting moving crocodiles on the head with a mallet or metal fish with a magnetic fishing rod.
At the end of your session in the arcade, you can take your collected tickets and exchange them for toys and knick-knacks at the main desk. The more tickets, the nicer the gift. If you are feeling particularly frugal, you can save up your tickets over the months and go for a particularly large item (the biggest thing I ever saw being collected was a portable air conditioner for about 15,000 tickets which must have taken years to save up for).