Fun and Game Theory is a free educational games site for teaching microeconomics, industrial organization and game theory. This site includes some simple (short) simulations designed to demonstrate specific principles. This should not be confused with longer simulations that extend across many class sessions. Instructors set up user IDs & passwords for their class and students are paired with others in the class (or even across universities if desired). These are really nice interactive online exercises that can be done between classes. In this sense, they are an excellent online complement beyond the usual readings and talking head videos. Here are some of the games:

  • Cournot and Stackelberg games
  • Public good financing game
  • Common-pool resources game
  • Prisoner’s dilemma
  • Asymmetric matching penny game
  • An air transport economics simulation covering price discrimination, vertical differentiation and peak-load pricing.

In addition, you may wish to check out some of their longer, commercial games (
Contributed by Nicolas Gruyer

Fish Story: A common tragedy

The  tragedy of the commons refers to the inefficient use of a shared resource when individual actors have incentives that are misaligned with the larger community. Classic examples might be a shared pastures or common waters for fishing. Dennis Meadows and John Sterman offer a computer based game that simulates this problem in a fishing setting (Fishbanks: A Renewable Resource Management Simulation). Below is a short video that describes the problem.

Contributed by Russ Coff

Quarter-length and Semester-length Simulations

Attention simulation users: It would be great to have a separate page for each simulation below. If you have used it and can summarize strengths, limitations, and some tips for implementing, please submit a full entry on the simulation.

Click the links below to access quarter and semester length simulations

Contributed by Mason CarpenterMason Carpenter