Cheap, dirty (and effective) in-class experiments
Access status:
Open Access
Type
Conference paperAuthor/s
Martin, RichardAbstract
This paper describes a series of five in-class experiments run in a third-year industrial organisation course. A description is given of how these experiments can be run informally in a classroom without computers, while still maintaining a reasonable level of control. Each experiment ...
See moreThis paper describes a series of five in-class experiments run in a third-year industrial organisation course. A description is given of how these experiments can be run informally in a classroom without computers, while still maintaining a reasonable level of control. Each experiment involves an anonymous five-round ‘round-robin’ tournament. Thus, students play a total of 5 × 5 = 25 games, and are unaware of who they are playing in any particular game. The five games are: Bertrand price competition, Cournot quantity competition, an ultimatum vs. a dictator game, sealed-bid auctions, and a limit quantity model.
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See moreThis paper describes a series of five in-class experiments run in a third-year industrial organisation course. A description is given of how these experiments can be run informally in a classroom without computers, while still maintaining a reasonable level of control. Each experiment involves an anonymous five-round ‘round-robin’ tournament. Thus, students play a total of 5 × 5 = 25 games, and are unaware of who they are playing in any particular game. The five games are: Bertrand price competition, Cournot quantity competition, an ultimatum vs. a dictator game, sealed-bid auctions, and a limit quantity model.
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Date
2005-01-01Publisher
School of Economics and Political Science, The University of SydneyCitation
Innovation for Student Engagement in Economics: Proceedings of the Eleventh Australasian Teaching Economics Conference, Ed. Stephen L. Cheung, pp. 73-83Share