Balkenborg, Dieter; Kaplan, Todd; Miller, Timothy - In: The Journal of Economic Education 42 (2011) 3, pp. 224-242
Once relegated to cinema or history lectures, bank runs have become a modern phenomenon that captures the interest of students. In this article, the authors explain a simple classroom experiment based on the Diamond-Dybvig model (1983) to demonstrate how a bank run—a seemingly irrational...