Common Property Activity

[steven_huang]

Common Property

(experiment)

Students jointly own a common resource and must make consumption decisions over multiple rounds.

• Here are many variations of this game, generally using different goods as the common resources (e.g., see here Games Economists Play: Games 71 - 80)
• For larger classes, can be done with a sub-set of students as a demonstration for the rest of the class. Have students predict what will happen before game begins.

[steven_huang]

Common Property

(experiment)

Students jointly own a common resource and must make consumption decisions over multiple rounds.

• Here are many variations of this game, generally using different goods as the common resources (e.g., see here Games Economists Play: Games 71 - 80)
• For larger classes, can be done with a sub-set of students as a demonstration for the rest of the class. Have students predict what will happen before game begins.