Market Structures Live - From Perfect Competition to Monopoly in Four Rounds
A four-round microeconomics lab.
About this simulation
Behavioral-economics lab in three rounds. Participants elicit their own present-bias parameter beta from a paired binary-choice elicitation, watch a naif, sophisticate, and pre-committer diverge on the same maintenance problem, and design a SMarT-style auto-enrollment plus auto-escalation pension architecture for Helio Verde Beverages (1,600 employees, Costaria).
Bridges Phelps-Pollak/Laibson quasi-hyperbolic discounting to Madrian-Shea and Thaler-Benartzi mechanism design.
Who it is for
An advanced simulation for participants used to working with the main frameworks and trade-offs of the subject, designed for executive education and experienced professionals.
How a session runs
- The instructor creates a session from the Eureka dashboard and invites the participants.
- Participants play 3 rounds. In each one they submit their decisions and the simulation calculates the results.
- The simulation can be run in English, Español.
- The instructor follows each participant's progress and results from the dashboard, and uses the class results for the debrief.