Early leave
Today game theory class,
"The ring-and-out policy was being tested in the class on Nov 8, 2005. When I was going through the answer of the mid-term test, the mobile phone of a student rang. I couldn't identify the student, because I was writing on the board. I turned around to the class and asked the student to identify himself/herself and leave the classroom. The student did not identify himself/herself. During the process, the watch or some other electronic device of another student (or may be the same student) beep, so I asked both of them to identify themselves and leave the classroom. Once again, no students identify themselves. I gave them a final chance to leave within a minute. No students moved and I had to end the class 15 minutes earlier at around 3:35pm. It illustrates how selfish some students can be."
Selfishness is the basic assumption in economics, and today's lecture provided an experiment of that, which belongs to the field of behavioural economics, not game theory.
One possible explanation is, the lecturer not consider game theory as part of economics. But a more plausible one is, he is showing the creditability of his rule, paving a solid foundation to the next round game, at the cost of the well-behaved students.
[Food for thought: Is there externality in the above case?]
"The ring-and-out policy was being tested in the class on Nov 8, 2005. When I was going through the answer of the mid-term test, the mobile phone of a student rang. I couldn't identify the student, because I was writing on the board. I turned around to the class and asked the student to identify himself/herself and leave the classroom. The student did not identify himself/herself. During the process, the watch or some other electronic device of another student (or may be the same student) beep, so I asked both of them to identify themselves and leave the classroom. Once again, no students identify themselves. I gave them a final chance to leave within a minute. No students moved and I had to end the class 15 minutes earlier at around 3:35pm. It illustrates how selfish some students can be."
Selfishness is the basic assumption in economics, and today's lecture provided an experiment of that, which belongs to the field of behavioural economics, not game theory.
One possible explanation is, the lecturer not consider game theory as part of economics. But a more plausible one is, he is showing the creditability of his rule, paving a solid foundation to the next round game, at the cost of the well-behaved students.
[Food for thought: Is there externality in the above case?]
posted by Outlaw at 9:47 pm
1 Comments:
"One possible explanation is, the lecturer not consider game theory as part of economics. But a more plausible one is, he is showing the creditability of his rule, paving a solid foundation to the next round game, at the cost of the well-behaved students."
what kind of English this is?
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