Materials Contributed through SERC-hosted Projects
Zero-Intelligence Trading in Markets part of Starting Point: Teaching and Learning Economics:Teaching Methods:Teaching with Simulations:Examples
In the Zero-Intelligence Trader lab, students run computerized experiments based on the work of Gode and Sunder (1993). The agent-based simulation model involves zero-inteligence buyers and sellers trading in a simple order-book market by placing randomly determined bids and asks. The students look for how the structural parameters of the market affect market efficiency. The model is designed to serve as either a follow-up to the students participating in a classroom experiment or stand-alone. Students complete a lab report and homework exercise based on their findings in preparation for class discussion.
Iterated Prisoner's Dilemma part of Starting Point: Teaching and Learning Economics:Teaching Methods:Teaching with Simulations:Examples
In the iterated prisoner's dilemma lab, students explore the consequences of following alternative strategies (e.g., tit-for-tat, unforgiving, ...) in an interated prisoner's dilemma game. Students complete a lab report in preparation for class discussion.
Mark McBride part of Starting Point: Teaching and Learning Economics:About this Project:Project Participants
Professor Department of Economics Farmer School of Business Miami University Oxford, OH 45056 firstname.lastname@example.org Phone:513 529-2864 Background Information Mark McBride is Professor of Economics and earned his ...