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An Undergraduate Economics Course on Belief Formation and Influence.

Authors :
Stone, Daniel F.
Source :
Journal of Economic Education. 2022 53(2):181-187.
Publication Year :
2022

Abstract

The author of this article describes a game-theory-based economics class on how people should, and do, form beliefs, communicate, and make decisions under uncertainty. Topics include Bayesian and non-Bayesian belief updating, the value of information, communication games, advertising, political media, and social learning. The only prerequisite is introductory microeconomics. The course also seeks to convey both the value of thinking in probabilities and awareness of mechanisms of strategic influence in students' everyday lives. [This paper was presented at the ASSA 2021 Session.]

Details

Language :
English
ISSN :
0022-0485 and 2152-4068
Volume :
53
Issue :
2
Database :
ERIC
Journal :
Journal of Economic Education
Publication Type :
Academic Journal
Accession number :
EJ1344905
Document Type :
Journal Articles<br />Reports - Descriptive<br />Speeches/Meeting Papers
Full Text :
https://doi.org/10.1080/00220485.2022.2038330