IFREE Workshops | Summer Program | ||||||||
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SoftwareWith the generous support from IFREE, CEEE develops software and distributes it for free for teachers interested in using economic experiments in their classrooms. Please contact Dafina Mulaj for a password to download the software. Handrun Programs The first programs conducts a double auction to complement the lessons on supply and demand, and the second involves various voluntary contributions mechanisms to support lessons on public goods. These programs require a computer running Windows XP attached to an LCD projector. The figure below displays a screen shot for debriefing the results of a double auction experiment using high school students. The left panel is the screen that is displayed to the students during the experiment. Each red caret indicates an ask to sell and each blue caret a bid to buy. Where they meet is a contract between a buyer and a seller. The first contract is displayed on the left most portion of the figure and is also reported at the top of the table on the right. During the debriefing with the students, the professor then clicks on the checkmark boxes at the bottom of the screen to overlay the supply and demand of the market, stressing the importance of the private and dispersed knowledge of these values and costs, and yet through the course of the trading, these students in the first period of trading exchange the competitive quantity at prices near the competitive prediction. The professor can also click on a checkmark box to shade in green the proportion of the total gains from trade that the students realized, which in this example is 100% in period 1. LAN Teaching Suite These programs require a computer for each student running Windows XP connected via a local area network and one computer for the monitor:
Program Your Own ExperimentThe programming example provides the source code for the ultimatum game. It is written in Visual Basic 6. Visual basic 6 is recommend over visual basic .net 2003 because of its ease use. Visual basic.net 2005 looks to be a good replacement but is not yet in wide spread use. The example assumes you are familiar with visual basic 6 or have some basic programming knowledge. If you do not it is recommend that you get a book on the subject. Amazon typically has a large selection books on VB6. Price GougingThe Price Gouging experiment is for teachers interested in demonstrating the effects of price gouging between a group of buyers and sellers. It has a separate set of installation instructions included in the zip file. |
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In 2002 Vernon Smith was awarded the Nobel Prize in Economic Sciences. |
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CEEE George Mason University Phone: 703.993.4850 Fax: 703.993.4851 Email: Dafina Mulaj |