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ERIC Number: EJ836132
Record Type: Journal
Publication Date: 2009
Pages: 12
Abstractor: As Provided
Reference Count: 7
ISBN: N/A
ISSN: ISSN-0022-0485
Covering Your Posterior: Teaching Signaling Games Using Classroom Experiments
Turocy, Theodore L.
Journal of Economic Education, v40 n2 p188-199 Spr 2009
The author describes a protocol for classroom experiments for courses that introduce undergraduates to signaling games. Signaling games are conceptually difficult because, when analyzing the game, students are not naturally inclined to think in probabilistic, Bayesian terms. The experimental design explicitly presents the posterior frequencies of the unobserved events. The protocol's emphasis on the posterior enhances convergence to the equilibrium prediction, relative to a treatment in which posterior frequencies are not explicitly computed. This convergence reinforces the development of the theory in subsequent lecture periods. (Contains 6 figures, 1 table, and 5 notes.)
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Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A