Abstract
Consider the dilemma of a professor who has handed back an exam to his students, but has forgotten to record their grades – can he develop a scheme that will provide each student the incentive to report his grade truthfully? This situation is used as an in-class exercise which develops the students’ understanding of a Nash equilibrium and of how to use game theory to solve interesting everyday problems.
Recommended Citation
(2006)
"Professor Gump’s Dilemma: A Classroom Exercise in Game Theory,"
Journal of Economics and Finance Education: Vol. 5:
Iss.
1, Article 5.
Available at:
https://scholarship.rollins.edu/jefe/vol5/iss1/5
