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Grade 9-12
,
On-Demand Webinar

Behavioral Economics: How Emotions Impact

Presenter: Council for Economic Education
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Standards

State Standards

Concepts

Decision Making/Cost-Benefit Analysis

This video is available to view for EconEdLink members only.

This webinar will explain how to run the classical behavioral experiment called the Ultimatum Game with your students.  The discussion of the results includes comparisons between the thought and decision making process of “Econs” and “Humans”. The rational decision-making of an Econ is contrasted with that of the fairness-minded human.

Subjects:
Personal Finance

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