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From Beanie Babies To Baseball Cards: A Financial Application Of Collectibles Markets
James H. Gilkeson and Reinhold P. Lamb
Journal of Financial Education
Vol. 26 (SPRING 2000), pp. 14-21
Published by: Financial Education Association
Stable URL: http://www.jstor.org/stable/41948322
Page Count: 8
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This paper offers an alternative to the conventional textbook approach for introducing students to financial markets. We find that the baseball card and Beanie Baby collectibles markets exhibit many of the characteristics of the more organized and traditional financial markets. These include the valuation process, the determination of risk classifications, the emergence of professional advisors, fraud and regulations, automation, pricing and price performance. Presenting these markets as proxies for equity and emerging markets stimulates student interest and discussion, and provides familiar examples of financial applications.
Journal of Financial Education © 2000 Financial Education Association