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Teaching Time Preference and Human Impatience: The Billionaire Game

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  • Stephen M. Miller

    (University of Connecticut)

Abstract

The Billionaire Game involves students in discussing time preference, or what Fisher (1930) calls human impatience. The game can facilitate the introduction of the material on present value and discounting or discussions on such issues as investment in human capital and the intertemporal consumption-saving decision. Thus, the game can facilitate discussions in a number of economics courses.

Suggested Citation

  • Stephen M. Miller, 1996. "Teaching Time Preference and Human Impatience: The Billionaire Game," Working papers 1996-01, University of Connecticut, Department of Economics.
    • Handle: RePEc:uct:uconnp:1996-01
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    References listed on IDEAS

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    1. Champ,Bruce & Freeman,Scott & Haslag,Joseph, 2016. "Modeling Monetary Economies," Cambridge Books, Cambridge University Press, number 9781316508671.
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