We have developed a computerized version of Charles Holt’s classical market game that can be used even in classes with a large audience. The Pit market game gives students intuitive access to the interaction of supply and demand in real-world markets. Even though trade can take place at...

The extensive body of survey-based research correlating between students' cheating and their academic grade point average (GPA) consistently finds a significant negative relationship between cheating and the GPA. The present paper reports the results of a two-round experiment designed to expose...

We analyze the behavior of 577 economics and law students in a simple binary trust experiment. While economists are both significantly less trusting and less trustworthy than law students, this difference is largely due to differences between female law and economics students. While female law...

We analyze the behavior of 577 economics and law students in a simple binary trust experiment. While economists are both significantly less trusting and less trustworthy than law students, this difference is largely due to differences between female law and economics students. While female law...

In this paper, results from a classroom experiment are analyzed using both MLE and Bayesian Methods. A pop-up review quiz was given to students to test their understanding of microeconomic concepts. After the test, a related economics taboo game where performed in class. Soon after the games...

We analyze the behavior of 577 economics and law students in a simple binary trust experiment in class-room. While economists are both significantly less trusting and less trustworthy than law students, this difference is largely due to heterogeneity between female law and economics students....

This paper outlines a classroom tariff setting game that allows students to explore the consequences of import tariffs imposed by large countries (countries able to influence world prices). Groups of students represent countries, which are organised into trading pairs. Each group's objective is...

An in-class game can be used to improve students' understanding of how a TDP program might work. There are, however, tradeoffs one must face in designing such a game. An exercise might, in theory, demonstrate all the nuances of a TDP program and yet be so complex that students learn little from...

Three two-player games are associated with competitive markets having a unique market equilibrium, strictly decreasing market demand functions and increasing linear market supply functions. In these games, a player represents buyers and the other player represents sellers. The players' aim is to...