A Classroom Financal Market Experiment

Jonathan Alevy () and Paul Johnson ()

No 2013-01, Working Papers from University of Alaska Anchorage, Department of Economics

Abstract: This computerized web experiment immerses students in an environment where they are in the role of bank managers, complementing existing experiments in which they act as depositors. The experiment is programmed to run on a variety of devices, including student’s phones and is suitable for use in intermediate macroeconomics or money and banking courses. Students learn the basic elements of bank balance sheets, the tradeoffs a bank makes when it hedges against liquidity risk, and the macroeconomic implications of the network aspects of the banking system. Key parameters are chosen by the instructor, and all results are saved as a spreadsheet data file. Early trials show that a team's performance is positively correlated with its success in managing interbank deposits.

Keywords: asset pricing; laboratory experiments; advice (search for similar items in EconPapers)
JEL-codes: A22 C92 E32 E44 G21 (search for similar items in EconPapers)
Date: 2013-08
New Economics Papers: this item is included in nep-exp and nep-pke
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Persistent link: https://EconPapers.repec.org/RePEc:ala:wpaper:2013-01

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