Fishbanks is a multiplayer web-based simulation in which participants play the role of fishers and seek to maximize their net worth as they compete against other players and deal with variations in fish stocks and their catch. Participants buy, sell, and build ships; decide where to fish; and negotiate with one another. Policy options available to instructors include auctions of new boats, permits, and quotas.
Company: MIT Sloan
Approximate price: free
Learning objectives: To provide the opportunity for students to learn about the challenges of managing resources sustainably in a common pool resource setting, with realistic resource dynamics.
Link to simulation home page: https://mitsloan.mit.edu/teaching-resources-library/fishbanks-a-renewable-resource-management-simulation