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Dupont, Brandon; Durham, Yvonne – Journal of Economic Education, 2018
The authors describe how the Monty Hall Dilemma, a well-known choice anomaly, can be demonstrated with a simple and versatile classroom experiment. In addition to demonstrating the anomaly, the experiment can be used to introduce students to some institutional modifications that have been shown to ameliorate it. This experiment, which can be…
Descriptors: Class Activities, Educational Experiments, Mathematical Logic, Classroom Techniques
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Smith, Ben O.; White, Dustin R.; Kuzyk, Patricia C.; Tierney, James E. – Journal of Economic Education, 2018
Information provided at the moment a person makes a decision can influence behavior in predictable ways. The United Kingdom's Behavioural Insights Team have used this idea to help improve the insulation of lofts, collect taxes, and even reduce litter. The authors of this article developed software that appends a personalized message to each…
Descriptors: Grades (Scholastic), Electronic Mail, Educational Technology, Technology Uses in Education
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Strasser, Georg; Wolfe, Marketa Halova – Journal of Economic Education, 2014
The authors describe their experience with integrating a semester-long economic analysis project into an intermediate macroeconomic theory course. Students work in teams of "economic advisors" to write a series of nested reports that analyze the current state of the economy, and propose and evaluate policies for a decision-maker. The…
Descriptors: Economics Education, Macroeconomics, Group Activities, Student Projects
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Green, Gareth P.; Bean, John C.; Peterson, Dean J. – Journal of Economic Education, 2013
Intermediate microeconomics is typically viewed as a theory and tools course that relies on algorithmic problems to help students learn and apply economic theory. However, the authors' assessment research suggests that algorithmic problems by themselves do not encourage students to think about where the theory comes from, why the theory is…
Descriptors: Macroeconomics, Economics Education, Learning Theories, Assignments
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Gill, Andrew M.; Gratton-Lavoie, Chiara – Journal of Economic Education, 2011
The authors extend the literature on the efficacy of high school economics instruction in two directions. First, they assess how much economic knowledge that California students acquired in their compulsory high school course is retained on their entering college. Second, using as a control group some college students from the state of Washington,…
Descriptors: Economics Education, Secondary Education, Retention (Psychology), Knowledge Level