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Beyond Theory: Experimental
- Article from:
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Baylor Business Review
- Article date:
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April 1, 2007
- Author:
- Todd, Kristin
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Copyright informationCopyright Baylor University, Hankamer School of Business Spring 2007. Provided by ProQuest LLC. (Hide copyright information)
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Sometimes you have to see it to believe it.
That is exactly the premise behind the interactive teaching methods of several economics professors, whose classes embody active learning through direct application of lecture material and classroom interaction.
For students in Charles North's class, it's all in how you play the game.
"Game theory is a theoretical construct of how people interact," said North, associate professor of Economics, who teaches a game theory class complete with classroom interaction. "When students actually play these games in class, they see the theory in action-warts and all."
Game theory overlaps with behavioral economics and explains logistics of the market and how ...
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