Micro

Environmental Economist

The question, “Are you an environmental economist?” is a great discussion starter. Many students find economic solutions to environmental issues to be especially challenging because economists consider on trade-offs. An environmental economist focuses on the benefits and costs of environmental decisions, whereas an environmentalist views the benefits of saving the environment as greater than the cost. By posing this question at the beginning of this topic you’ll be able to introduce marginal thinking as an important decision-making rule.

Course Used: Principles of Micro
Quiz Nature: Discussion Starter
Question Length: 1
Estimated Time to Play: Less than 5 minutes with discussion.

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Micro

Framing

This question recreates one of the classic behavioral findings about framing. When confronted with a choice that has the same expected probability, people are often swayed by the way the choices are presented. Would you rather have a 10% chance of mortality or would you rather have a 90% chance of survival are the same but, not surprisingly people predictably choose a 90% chance of survival.

Course Used: Principles of Micro
Quiz Nature: Discussion Starter
Question Length: 1
Estimated Time to Play: Less than 2 minutes.

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