We present a classroom public goods experiment based on a provision point mechanism, where subjects must make an all or … potentially eliminate benefits to the entire group. We have found this experiment to be an excellent vehicle for introducing game …

funds, and the quantity theory of money. The experiment can be used in principles, intermediate macroeconomics, or money and … banking courses. The experiment takes approximately 45 minutes to run, depending on class size, and requires no computers. …

the equilibrium of the market for loanable funds, and the quantity theory of money …

This paper describes a parametric approach to weakening rationality assumptions in game theory to fit empirical data … better. The central features of game theory are: The concept of a game (players, strategies, information, timing, outcomes … consistency and foresight properties, while retaining much of the structure and hence the precision of game theory. One parameter …

remedy. Results from an incentivized laboratory experiment indicate that the motives behind the breach induce sizable …