I used to trade my baseball cards for Garbage Pail Kids when I was young. Surely the baseball cards could have ended up more valuable but my parents wouldn’t allow me to buy GPKs so to me any difference in monetary value was well-worth the tradeoff to have my coveted GPKs.
The only example I can think of is trading food items in my lunchbox at elementary school. I know that the exchange was equitable between the two of us since both of us had a consensus of what the perceived value was to us so we both ended up happy with the trade and got what we wanted.
I remember exchanging football cards. Each card was a player in la Liga. 
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I would exchange portions of my lunch I didn’t like, ie; green beans. For something i would like such as corn to a classmate who would much rather have the green beans than the corn.
When I was in elemantary school, we used to get treats when it was a kids birthday. So each kid got a bag of treats with all kinds of snacks. I used to trade my sweets for a small sized bag of potato chips, because I liked savory snacks more. I was happy and satisfied likewise for the other schoolmate. I think it was a fair exchange, because we could satisfy eachothers cravings. However I could see some problems when a kid doesn’t want to exchange barters with me, it would have made me upset or something.
The barters I did when I was a kid were mostly loose leaf papers with unique cartoon designs, cartoon posters, or music cassettes. Some were bartered with the same kind of items, some were bartered for something else like a comic book. It was fair to a certain point, though sometimes some friends didn’t want to barter with me because they already had what I had. So I had to look for a different asset to barter.
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?
Once upon a time, I traded many life hours for handfuls of dollars. Looking back, it definitely was not a fair exchange. Precious commodity traded for depreciating fiat is never a good idea. Lesson learned!
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As a child the main thing I bartered was food at school lunch. I didn’t enjoy most of the actual food they served and i always found ways to trade it for junk food like chips and cookies. Looking back I think it was a a fair exchange because both parties were satisfied and I wouldn’t eat most meals if i couldn’t trade it anyways.
Not too long ago, I`ve traded a jacket and a handbag with an acquaintance. We were both bored of the models we owned so it was worth it.
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Oooh boy – back in the 90s, I used to collect / trade Fleer Marvel Masterpiece and Hildebrandt cards with my brother and friends. I would trade whatever I had for X-men characters. I still love them to this day so totally worth it!
Growing up in the Army, trading and bartering with Different MRE items / snacks was the way to go! (Meals ready to Eat) A big one everyone wanted was either Skittles or Peanut Butter, For me at least.
I considered it all a fair exchange as if both parties were in agreeance due to wanting what the other party had, deemed to be a fair trade.
As young adults, we made exchanges with sport cars.
By looking back on these, there was not a fair exchange because value attributed to each car was objective certainly with year and model of car, but it was too very subjective.
Back in high school I used to swap clothes with my close friends. When I got bored of something or it no longer fit me well I would seek to exchange it with something else from my friends.
I can remember trading my pudding for another pint of milk. (I like milk)
As a child/teen, I would always be trading MTG cards with my friends. Most of the time these trades would be on a 1 to 1 basis. My one card for your one card. Sometimes though the card in question would be real good, or rare and wouldn’t be able to trade for just one card. You would have to offer up 2 or more cards, or even cash to make the trade. Most of these times the trades were fair. It really depended on how badly you wanted the card in question. And what you were willing to give up for it
**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?**
Marbles - Trading marbles with friends and schoolmates in primary school. There seemed to be a good general wider understanding and agreement of “Value” based on multiple and single marbles.
The design, weight, size, condition, popularity and scarcity.
Hockeycards - Here we knew which cards that were rarer. However we used to compete throw them as far as we could or as close to a mark as possible. The winner got the others cards.
But the quality of the card used to worsen, corners of the cards damaged and overall the card would eventually loose its real market value.
How I traded - Most of the times (both marbles and hockey card) were fair deals. A big marbles against approximately 5-10 smaller ones. I remember we used to think that the marble shops and factories were like today’s banks, millionaires. 
Hockey cards trade 1 rare for approximately 8-10 regular ones and reversed.
Every now and then when I traded with older kids they would hype up their own e.g card values (incorrectly) lol but now it’s all good memories! 
I exchanged my lunch with another friend’s lunch. I gave him orange and he gave me noodles. I think it was a fair exchange as we wanted to have each other’s lunch
I really love soccer collectibles and memorabilia and i used to trade it very much… soccer jerseys and cards and signs… since i was a kid, changing my button soccer pieces. And in this kind of trade, i really think that’s subjective factors play a major role; the value that you perceive it wont be the same that i perceive… it’s kinda like trade perfums (in barter transaction), you will have the major role played by the olfactory memory.
I can only remember one time when i regreat in a barter transaction. I trade my best striker (button soccer team) with a friend and i just can’t sleep and i disturb so much my mom that she came into my friends house, late at night, and ask to his mom to undo the trade.
I haven’t traded with real or physical items but I have made barter transactions digitally with some of my friends through video games. I can recall a time my one friend and I traded with each other for a character skin he really wanted and a little character back bling I wanted. I think the trade was pretty fair as we both did get what we really wanted.
I did barter transaction with my cousin at the age of 12, i gave my cricket ball in return of toy.
that transaction was fair in the the term of monetary value as well as mutual agreement.