This paper presents new evidence on the distribution of risk attitudes in the population, using a novel set of survey questions and a representative sample of roughly 22,000 individuals living in Germany. Using a question that asks about willingness to take risks on an 11-point scale, we find...

Prominent economic theories have emphasized the role of commonly held perceptions and expectations for determining macroeconomic outcomes. A key empirical question is how such collectively held beliefs are formed. We use the FIFA World Cup 2006 as a natural experiment. We provide direct evidence...

This paper presents new evidence on the distribution of risk attitudes in the population, using a novel set of survey questions and a representative sample of roughly 22,000 individuals living in Germany. Using a question that asks about willingness to take risks on an 11-point scale, we find...

This paper presents new evidence on the distribution of risk attitudes in the population, using a novel set of survey questions and a representative sample of roughly 22,000 individuals living in Germany. Using a question that asks about willingness to take risks on an 11-point scale, we find...

This educational resource utilizes the Essential Scholars series published by the Fraser Institute and combines it with the Kahoot! learning platform to promote deeper learning. The nine Essential Scholars (Adam Smith, David Ricardo, David Hume, John Locke, Joseph Schumpeter, James Buchanan,...

This paper uses Netflix’s dystopian Korean-language drama series Squid Game (2021) to illustrate an active-learning technique to support the teaching of game theory in undergraduate courses. The series is chosen as it uses different games which the characters have to engage with as part of the...

This paper uses the film Crazy Rich Asians (2018) to illustrate an active-learning technique for teaching game theory in introductory classes. Burke, Robak and Stumph (2018) show that using popular films in class is an effective way to teach core game theory concepts. We build on this work by...

ChatGPT is a natural language processing model that can generate conversational style responses to user inputs. It also performs extremely well on a popular standardized assessment used in principles of economics courses around the country. ChatGPT ranked in the 91st percentile for...

We summarize the application of economic concepts in viral YouTube videos created by Jimmy Donaldson, known more popularly online as MrBeast. His viral videos are known for expensive challenges and are incredibly popular among Gen Z students. We present three lesson plans based on three...

This paper begins by asking a fundamental question: why do students who take Economics at an introductory level often leave the subject without understanding even the most basic economic principles? The superficial answer seems to be that courses try to cover too many concepts at the expense of...