Their decision to continue or take the bankers offer is up to them. The one student that volunteered is the player and can get advice from the class. Then I tell the class that to demonstrate prospect theory, we will be playing Bonus Point Deal or No Deal. I invite one student up to the front of the class before I announce what we are playing. For example, we play deal or no deal to demonstrate prospect theory. Deal or No Deal - Prospect Theory or Risk.įinding unique games to play in the classroom adds fun and increases engagement. You can find case studies on any topic - my favorite topics include ethics and leadership.ģ.

You can also add additional questions from the book test bank to the case study to make it more challenging. I start by having the students individually read the case study. Then as a group, I have them answer questions related to the topic that I have prepared in advance. I locate a case study that is relevant to my topic and customize it to meet the needs of the class. This is one of my favorite 'plan B' activities in my class (when I can't find something a little more engaging).

I have large classes and I can purchase several decks of cards at the local dollar store for a fun way to learn game theory other than the prisoner dilemma option. I like the Game Theory card game in which I found here: ( Link). There are several options for using a deck of cards in the classroom. Most of these are focused toward Business related content, however some can be customized for other areas.Īlso, if you have a favorite active learning activity you would like to share, please add it to the comments at the end of this article. Below are a few of my favorite Active Learning classroom activities that I have used in my undergraduate courses.

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