Hyperbolic Discounting — Why Your Future-Self Disagrees
Behavioral-economics lab in three rounds.
Explore why markets under-provide public goods through a lighthouse funding game with three AI captains. Experience the free-rider problem first-hand, test voluntary cooperation, binding contracts, and private provision — then see how compulsory taxation solves the problem.
An intermediate simulation for participants who already know the core concepts of the subject, designed for master's and MBA programmes.
The decisions participants make during the simulation:
What participants follow on screen as the rounds go by:
Designed for courses in Microeconomics.
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