Day: September 9, 2016

Brown Bag Lunch Seminar

The School of Business and Economics will host its first brown bag lunch research seminar of the semester on Thursday, September 15 at 12:00pm in Academic Office Building 101.  Dr. Tom Merz and Professor Russ Louks will present their exciting new study.

Title: Scorecasting: A Laboratory Experiment of the Framing Effect on Risky and Safe Choices in a Strictly Competitive, Repeatedly Played 2X2 Game.

The experiment consists of two players (subjects) playing repeated rounds of a “simple” game involving binary choices for each player.  The game is one of pure conflict – constant sum, with each round having only one winner.  Players choose simultaneously – without knowledge of the choice of his or her opponent.  The stage game has a unique Nash equilibrium in mixed strategy (the minimax solution).  With two players each making one of two choices, each round has four possible choice combinations.  Once each player makes a choice, the winner of a round is determined by a random draw, with the odds of winning being dependent on the choice combination.