| รหัสดีโอไอ | 10.14456/ssa.2015.22 |
|---|---|
| Creator | 1. Kraiwut Tangsattayacheepa 2. Uthai Tanlamai |
| Title | Risk attitudes and game playing experience: The game of hedge accounting tools for foreign currency exchange |
| Publisher | National Research Council of Thailand |
| Publication Year | 2015 |
| Journal Title | Social Science Asia |
| Journal Vol. | 1 |
| Journal No. | 3 (March) |
| Page no. | 73-83 |
| ISSN | 2229-2608 |
| Abstract | The volatility of foreign currency exchange rate has created a great deal of risk to businesses. Thus, executives who are responsible for risk management in this area must be knowledgeable with the appropriate use of tools and methods to deal with this type of risks. Nevertheless, the accounting transactions to record these hedging activities can be complicated. Also, the selection of instruments to be used in managing the risks and impacts from exchange rate volatility is quite complex. The overall research plan has two study objectives. The first objective is to develop a mobile game as the data collection instrument for this research. The game is called "Hedge Accounting Game for Foreign Currency Exchange, HAGFCE." HAGFCE is designed to run on the tablet with either IOS or Android platform. The scope of hedge accounting content is limited to two topics, Fair Value Hedge and Cash Flow Hedge. The foreign currency exchange hedge transactions are limited to account receivables and agreement to sell. The second objective is to collect data from game users in terms of their learning experience. Personal risk attitude of each individual game user will also be collected. Therelationship between the level of individual's personality risk and his or her choice making experience in the HAGFCE will be examined. Data will be collected and compared the difference between before and after an individual plays the game. A 2X2 group of semi-experimental design will be conducted with a total of 120 game users. The groups are first classified according to their personal risk attitudes (risk avoidance and risk-aversion) and then by the sequence of topics being introduced while playing the HAGFCE game (Fair Value Hedge before Cash Flow Hedge or Cash Flow Hedge beforeFair Value Hedge). The present manuscript outlines the research design of the computer-experiment using the HAGFCE. The paper also provides a baseline result used to classify personal risk attitudes. This is done by systematically verifying whether the Passive Risk Taking Scale (PRT) developed by Ruty Keinan & Yoella Bereby-Meyer in 2012 can be used in Thai environment. The original 25 self-administered statements were evaluated by 117 graduate students from three universities. Exploratory Factor Analysis was used to determine the applicability of various aspects of the original scale. Further analysis was done to reduce the original 25 statements to 13 manageable statements that will, in turn, be used to assess the individual's risk attitude of game players in the semi-xperimental research. |
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