Gaming the Wall Street: Why Traders Are Turning to Video Games for Investment Strategies
Video game enthusiasts may soon find themselves rubbing shoulders with seasoned traders on Wall Street. Yes, you read it right! Interest in video games, once confined to the world of entertainment, is now spilling over into the realm of investing. Increasingly, traders are turning to video games as a means to improve their investment strategies. In this blog post, we delve deeper into the reasons behind this development.
What’s Driving the Trend?
One reason behind the surge in interest in video games among traders is the similarity between video games and stock trading. Both depend on the application of strategies, quick decision-making, and even luck at times. Moreover, as video games have grown in complexity, they have increasingly required analytical and critical thinking skills, much like those required in high-tech finance.
Who’s Involved?
Nasdaq, one of the world’s leading stock exchanges, organized a competition titled “Nasdaq Analytics Hub’s Data Lake on AWS” for traders, quants, and developers to test their skills using real-world trading data within an esports-like format. This event symbolizes the emergence of video games as a central theme for discussing and improving trading strategies.
Examples of Video Games for Investment Strategies
Several video games have garnered the attention of traders who are looking to boost their investment strategies. Here are two examples:
1. EVE Online: This multiplayer online game is an entire universe of opportunities to develop skills, gather resources, trade commodities, engage in conflict, and explore various game mechanics.
2. StarCraft II: This real-time strategy game challenges players to think quickly on their feet and make bold decisions. Players must take stock of a constantly changing environment, devise a strategy, and then improvise on it as necessary.
The Takeaway
As video games become more sophisticated and complex, it is not surprising that traders are starting to take notice. With similarities in strategy application and decision-making processes, video games can provide a valuable training ground for traders looking to improve their investment strategies. Whether the trend will continue to gain momentum or fizzle out remains to be seen, but one thing is for sure – video games are no longer confined to the realm of entertainment.
