Here.

​I see Smith and Wilson writing with both the enthusiasm of curious children and the precision of experienced scientists. The book is captivating and well-written. It is accessible both to educated readers and to specialists. It is a must-read for anybody interested in social sciences.

From:

Maria Pia Paganelli

Here.

​The International Research Conference Aims and Objectives​
The International Research Conference is a federated organization dedicated to bringing together a significant number of diverse scholarly events for presentation within the conference program. Events will run over a span of time during the conference depending on the number and length of the presentations.

ICEFA 2020: International Conference on Experimental Finance and Advantages aims to bring together leading academic scientists, researchers and research scholars to exchange and share their experiences and research results on all aspects of Experimental Finance and Advantages. It also provides a premier interdisciplinary platform for researchers, practitioners and educators to present and discuss the most recent innovations, trends, and concerns as well as practical challenges encountered and solutions adopted in the fields of Experimental Finance and Advantages.


Call for ContributionsProspective authors are kindly encouraged to contribute to and help shape the conference through submissions of their research abstracts, papers and e-posters. Also, high quality research contributions describing original and unpublished results of conceptual, constructive, empirical, experimental, or theoretical work in all areas of Experimental Finance and Advantages are cordially invited for presentation at the conference. The conference solicits contributions of abstracts, papers and e-posters that address themes and topics of the conference, including figures, tables and references of novel research materials.

Conference ProceedingsAll submitted conference papers will be blind peer reviewed by three competent reviewers. The peer-reviewed conference proceedings are indexed in the Open Science Index, Google Scholar, Semantic Scholar, Zenedo, OpenAIRE, BASE, WorldCAT, Sherpa/RoMEO, and other index databases. Impact Factor Indicators. 

Here.

For example:

House Flipper (XONE)  December 2019  A unique investing and building construction simulation game by Empyrean. You play as a businessman, who buys housings in need of renovation. As such property often features many nasty surprises, you have to refurbish, clean and furnish the flat, so that you can sell it for profit. This involves tearing down unnecessary walls, getting rid of any pests or fixing damaged wiring. In House Flipper you use various tools, including an irreplaceable hammer. Furnishing the housing involves buying furniture and decorations, which you then have to put in proper places.

You could teach a lot about tradeoffs to K-12 using games like this.
​

Here.

​We consider boundedly rational agents who do not plan over the infinite future but make trading plans at a finite, arbitrary horizon. We investigate the role of that horizon in the price dynamics of an asset in a Lucas tree model. We then design a laboratory experiment to test our theoretical predictions against the behaviors of human subjects. Short-horizon markets are prone to substantial and prolonged deviations from rational expectations (RE). By contrast, markets populated by even a modest share of long-horizon forecasters exhibit convergence towards the fundamental price. Longer-horizon forecasts do display more heterogeneity and thus some departure from RE; however this same heterogeneity also prevents the coordination of subjects on wrong anchors—a pattern of behavior that leads to mispricing in short-horizon markets. Long-horizon forecasts are well-described by adaptive learning, which delivers convergence to RE equilibrium, while short-horizon forecasts exhibit destabilizing trend-chasing.
​
From:

George Evans
Cars Hommes
Bruce McGough
Isabelle Salle

Here.

This paper outlines a classroom trading game that explores equilibrium terms of trade using the principle of comparative advantage and theory of reciprocal demand. Students are divided into eight groups. Each group is assigned a country with hypothetical productivity and each country seeks its trading partner based on comparative advantage. Students simulate the trading of goods between countries with the objective of achieving the best possible terms of trade. The game encourages students to reflect on their learning of the principle of comparative advantage, consider improvements in trade terms through negotiation, and summarize the conditions for mutually beneficial terms of trade. The study contributes to the existing literature by extending the discussion beyond comparative advantage to incorporate mutually beneficial terms of trade as well as factors contributing to the distribution of trade gains.

​From:
Bei Hong

Here.

Smith firmly believed that, on the first three causes at least, it was better to have close personal relationships and trade based on personal knowledge and trust. But these do not operate well at scale. And scale is what division of labor wants, and needs. Division of labor is what causes opulence; as Smith put it, in the title of chapter 3 of book I of Wealth of Nations, “The division of labor is limited by the extent of the market.” The fourth cause, the utility of the unfettered scope of commercial activity, ultimately suggests the necessity of rethinking systems of propriety based only on the first three sources of moral sentiments, without suggesting that those sources were ultimately inferior.


From:
Michael Munger

Here.

​
False pretences of knowledge about complicated economic situations have become all too common in public policy debates. This column argues that policymakers should take into account what they don’t know in their decision making. It describes a tractable approach for acknowledging, characterising, and responding to different forms of uncertainty, by using theories and statistical methods available at any particular moment.


From:

Lars Peter Hansen
Thomas Sargent

Here. 

Experimental work in monetary economics is usually based on theory that incorporates an infinite horizon. Yet, hard constraints on laboratory sessions lead to finite times when the game must (with probability 1) end, and then simple backward induction implies monetary equilibria cannot exist. Hence, these experiments cannot evaluate subjects’ ability to settle on the use of money as a medium of exchange, that ameliorates trading frictions, as an equilibrium outcome. To address this, we present some finite-horizon games where monetary exchange is an equilibrium outcome, and report some experimental results using these games.


From:
Douglas Davis Virginia Commonwealth University
Oleg Korenok Virginia Commonwealth University
Peter Norman University of North Carolina
Bruno Sultanum Federal Reserve Bank of Richmond
Randall Wright UW Madison, FRB Minneapolis, FRB Chicago, and NBER 

Here.

Interestingly:

1. Course descriptions are parsimonious.
2. Several courses are stacked - that is, they have a graduate version that involves doing extra assignments.

Inspired by the famous Sid Meier "Civilization" and "Alpha Centauri" world building games.

Here.

This paper explains how to use a game built using an excel spreadsheet that plays out key structural changes studied in development economics. The game is inspired by Sid Meier’s simulators, namely Civilisation and Alpha Centauri. It provides a fun way to introduce students to the central themes of a development economics course including industrialisation, demographic transition, sources of growth, trade, institutions, diminishing returns when land is a fixed factor, the resource curse, and the importance of productivity. The foundation of the game is a production function, with the class allocating labour and capital to different industries each turn in order to grow their economy. More advanced concepts like trade and institutions are introduced each turn in the form of exogenous shocks. 

From: 
​Mark Fabian