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Finance and capital markets

Bear Raid

Speculation and stock market manipulation: buy, sell and go short

3–6Players
60-90 minDuration
~10 minSetup
MediumComplexity
CompetitiveDynamic

An economic game about the stock market in which players buy, sell and short (short selling) shares in several companies. The core is market manipulation: placing, removing or hiding dice (“rumours”) to move prices in your favour.

The title refers to the bear raid: a coordinated manoeuvre to sink a share price, even pushing companies into bankruptcy to close short positions. Short rules with highly interactive decisions and hidden information.

Classroom value

  • An ideal tool for introducing short selling: makes tangible profiting when a price falls and the asymmetric risk profile (limited gain, unlimited loss).
  • Shows how news and expectations move prices → a basis for discussing market efficiency and bubbles.
  • The rumour mechanic opens a debate on regulation, market abuse and systemic risk.
  • Short and light: better suited to the classroom than heavy economic games; fits in an undergraduate session.

In the classroom

No. of players3–6
TeamsYes · 3 per team
People per gamemax. 18
Game MasterNo
Sessions1 session (~1 h)
SpaceOne table per group
MaterialPhysical game

Technical details

DesignRyan Courtney
PublisherAllplay
LanguagesEnglish

Find out more

Official websiteallplay.com