Activity Lesson 1

At the Beginning of this year I negotiated a deal between my roommate and myself where i gave him a gaming chair i had no use for in exchange for a flat screen he no longer used. In the end we were both satisficed with the resolve.

I remember trading games with my cousin, I used to play tomb raider a lot and when I was done with the game I’d trade it for mortal kombat or something similar

My childhood memories are very fragmented so I couldn’t really recall but i do remember traded lunch with my friend but that was a fair trade just happen that he liked my lunchbox and I liked his.

Another one I remembered was trading a Pokemon figure with a Digimon figure which i lost it all after all.

As a (former) graphic designer, I traded my (payed) skills with the (payed) skills of friends.
I’d create a corporate identity for their business and they would fix my roof, bathroom or something else to fix. Depending on the size of the job it sometimes involved some money too.
It was a great trade and always worth it.

An old classic is barter transactions with pokemon cards and beyblades and such.

I remember giving away a super rare Mewtwo pokemon card so I could borrow his nintendo 64. I didn’t want to do it at the time and his dominant personality got the better of me.

Just quickly googled, they’re going for $2k now, cool lol.
So was this a fair exchange?
No, not a chance.
But I didn’t have the gusto to stand up for myself.

  • Exchanging food with friends at school lunch break
    • Sandwich for yoghurt cup
      • We both preferred what the other got for lunch

This is interesting, I just took a break at work to meet up a colleague who exchanged show of affection (a hug) for a lollipop :joy: it was a fair exchange, maybe :rofl:

I can’t remember any specific transaction but when I was a kid (long time ago) we used to play with small balls of various sorts, and we would stake them and throw them against a hole in the ground and the winner of the game would collect the loser’s balls. We would play with all sorts of balls (tennis balls, golf balls, metal balls, porcelain balls, glas balls) and their value was measured in the most primitive kind of balls which were made of clay. The various balls were routinely bartered amongst the kids.

As a kid my friends and I would collect Pokemon cards and often use them in battles. In one instance I kept losing my battles due to one pokemon that was exceptionally better than most of my decks. I offered to trade 4 doubles for the one card I wanted to win my battles. It was declined as my offer was not up to the value of the others standards. Unfortunate but you can’t always buy something with quanity when the quality overweighs.

I remember playing Magic The Gathering when I was so much younger. Of course, that time, other players would often offer some of their cards to trade for a cool card of yours. I often think it over before accepting an offer. Not easy back then to evaluate the value of each card without much information of their rarity. Access to the internet and information is not that abundant for me back then.

I think the first barter transaction I made was with cookies and chocolate. As I remember I was with my cousin and he had a chocolate tablet and I had a pack of cookies, so I asked him to trade half of my cookies pack for a piece of chocolate.
If it was fair or not, I don’t know… but in that moment that piece of chocolate would have worth the full pack of cookies.

Describe a barter transaction that you’ve been a part either as a child or adult.
List the two items in the barter transaction and, looking back, did you think it was a fair exchange and why?

I think my earliest memories of a barter system all my friends used was the Panini football trading cards. We would exchange cards we either had doubles of all in order to get a really valuable rare players card. The whole point was to fill an album with the cards. Was it a fair exchange? Well the sense of completing a whole album was immense but looking back I would say that the party that benefited from the whole transaction most wasn’t me or my friends who i used to exchange the cards with , but Panini who made a small fortune from all of us spending our school lunch money on their cards. valuable lesson learnt!

I honestly cannot recall any barter transactions. All my exchange of used goods as a child and as an adult were for the fiat paper dollars, most of which i exchanged again for more goods and/or services. Wish I would have saved more fiat dollars from childhood and bought BTC in its infancy!!!

As a child I used to barter repeated football card that I had for food and other toys with my friends.
The exchanges were not aways fair as the rarity of the cards were highly variable.

I remember exchanging capsule toys with others in front of a vending machine because I wanted the whole collection so I traded the repeated ones.

I think it was fair because each variant costs more or less the same.

I’ve traded haircuts for nonperishable food, and then I’ve traded the food for cigarettes and tattoos…

I remember my older sister was meant to be looking after me while my parents were out - we were ‘playing’ and she ended up breaking my nose (purely by accident she thinks lol) - so SHE came up with a deal, an offer way to good for me to refuse - i wouldn’t tell my parents if she would give me her brand new coloured pencils … the deal was done

At the time the exchange was amazing … I mean, I had the coloured pencils she so desperately wanted but in the long run, I paid for it by needing a nose job lol

I used to collect and trade cards from different sports and teams. Usually this was done during the world cup or something like that. Sometimes, depending on the rarity of the cards you could make “deals”. There was no set system tough. The value of the cars depended on how much the other person wanted it and if more than one person wanted to do the trade. In our little part of the world at that time we mostly traded with our friends so for the most part the trades where fair.

A barter transaction I took part in happened during school lunch and recess breaks. I had mini chocolate bars from a foreign country that everyone was a fan of and I could trade them for almost anything. At first the exchange rate was great, I could get what I wanted. But over time the kids became bored of the same chocolate and another student at school somehow acquired the same type, making my chocolates worth less. Was it fair? Yes. But a harsh lesson on how useless a currency becomes when supply increases and demand plunges.

I remember trading Pokemon cards with other kids growing up. There was no objective standard, but a rare holographic cards could possibly be traded for multiple average cards.