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Conducting a Double Oral Auction Experiment in a High School Computer Lab: A Pilot Study

22 Pages Posted: 22 Apr 2005  

Paul R. Johnson

University of Alaska Anchorage - Department of Economics

Date Written: March 2005

Abstract

A classroom experiment is an effective device to introduce and illustrate new economic concepts. This paper describes the author's experience implementing the classic double oral auction experiment in a high school computer lab, in four classes, with students trading in a virtual market for books, using commercial online software designed for college use. The goal was to run each class through this experiment for five rounds, using a standard lab with no special software, in one class period of 50 minutes. I randomly selected one school experiment, and compared the results with a college class that had done the same experiment, according to three indicators - transactions history, aggregate efficiency, and distribution of excess gain. By the fifth round the school students' performance was comparable to that of college students. I conclude that commercial web-based college level economic experiments offer school teachers a viable way to perform experiments.

JEL Classification: A21, C90

Suggested Citation

Johnson, Paul R., Conducting a Double Oral Auction Experiment in a High School Computer Lab: A Pilot Study (March 2005). Available at SSRN: https://ssrn.com/abstract=708841 or http://dx.doi.org/10.2139/ssrn.708841

Paul Ronald Johnson (Contact Author)

University of Alaska Anchorage - Department of Economics ( email )

3211 Providence Drive
Anchorage, AK 99508
United States
907-786-4311 (Phone)
907-786-4115 (Fax)

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