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Cataloged Resource Summary

 

Title

Using Student Data to Teach Utility Maximizing Behavior

Author

Paul M. Mason and Michael M. Fabritius

Category

Consumer Economics

Type

Non-computerized experiment

Description

The primary goal of this experiment is to introduce students to the utility maximizing rule and to convince them that whether individuals know anything about economic principles or not they will act to maximize their utility subject to constraints in each of their purchases or activities.

URL

http://mcnet.marietta.edu/~delemeeg/expernom/f00.html#mason

Home URL

http://mcnet.marietta.edu/~delemeeg/expernom.html
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