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An improved in-class bargaining demonstration

In: New Developments in Economic Education

Author

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  • Calvin Blackwell

Abstract

The author presents a simplified bargaining demonstration in which students engage with the concepts of backwards induction and fairness. The bargaining game the students play generates a conflict among several possible 'reasonable' strategies, leading to provocative and lively classroom discussions. The demonstration can easily be run in 30 minutes, and requires little preparation and few materials.

Suggested Citation

  • Calvin Blackwell, 2014. "An improved in-class bargaining demonstration," Chapters, in: Franklin G. Mixon & Richard J. Cebula (ed.), New Developments in Economic Education, chapter 3, pages 41-45, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:15538_3
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    Keywords

    Economics and Finance; Education;

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