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FEELE Lab Finance and Economic Experimental Laboratory at Exeter. Todd Kaplan Dieter Balkenborg Tim Miller . FDTL5 Grant for Bringing Experimental Economics into the Classroom. Bringing Economic Experiments into the Classroom.
FDTL5 Grant for Bringing
Experimental Economics into the Classroom
Objective: Put experiments into the undergraduate economics curriculum at the University of Exeter.
Higher Education Academy in England for the £s.
Economics Network (England)
Dept. of Economics at Exeter.
Steve Gjerstad, Denise Hazlett, Charlie Holt
Average was 36.7 (winning guess 24.5), equilibrium is0!
Six guesses were above 66.66
Average was 12.4 (winning guess 8.3)
Todd’s quote “you shouldn’t ignore theory, even when it is wrong.”
One guess was above 66.66
“I learnt that collusion can take place in a competitive market even without any actual meeting taking place between the two parties.”
“Some people are undercutting bastards!!! Seriously though, it was interesting to see how the theory is shown in practise.”
4 types: Eager, Interested but need support, hesitant, unwilling.
Size can determine how:
Experiments seem to work well for all levels of students (even high school)
Username will be based on your initials.
Username and Password will be emailed to you, after which you can log in here.
Your students will need to know this Access Code to be able to log in to your experiment.
Click here to configure, run and monitor your new experiment.
Enter the number of rounds you want to run (default: 1).
Save your changes.
Useful feature: you can view the effects of your configuration changes on the subject instructions by clicking here.
Don’t forget: you must start the experiment before the first subject can log in!
Click here to monitor subjects as they log in and view the results of the experiment.
Open a NEW browser window (not a tab), locate the FEELE homepage and click here to log in as a test subject in your new experiment.
Consists of your Username (tk2), a hyphen (-) and whatever code word you chose when you created your experiment (network).
The student enters his/her names here. (Note: you may enter “test” to suppress the display of subject instructions during testing.)
You now need to open a further 5 NEW browser windows (not tabs) and log in the remaining test subjects.
Exports results to Excel (space delimited).
Breakdown of test question responses.
Reminder of subject instructions.