Economics Teacher National Conference 2012

tutor2u A Level Economics Blog

Tracker Pixel for Entry

Changing vehicles - a quick thought experiment

Monday, June 23, 2008
Print Tweet This!Save to Favorites
Recommend on Google+

Taken from Dan Ariely’s excellent site - here is a question to pose to your students!

You have two cars, one is a very inefficient van (giving you on average 5 miles per gallon (mpg)) and one is a relatively efficient car (giving you on average 20mpg).  Due to your work and obligations you have to drive each of them the same distance every month. You need both types of vehicles and for now you can replace only one of them.  What should you replace?

Option 1: Replace the 5 MPG van with a 10 MPG van

Option 2 Replace the 20 MPG car with a 50 MPG car

What would you select?

I did a quick email survey/test using the voting buttons on outlook express (and hoping that students didn’t copy and paste the question into Google and find their way to Dan’s site!) Here are the results from answers submitted from the first fifty-two replies to the email survey!

Option 1 20
Option 2 32

Dan’s explanation is here:

And the original research is here:

“Using “miles per gallon” as a measure of fuel efficiency leads people to undervalue the benefits of replacing the most inefficient automobiles”

There might be some relevance here to the debate over how best to cut carbon emissions? Cut those emissions which can be reduced most efficiently! Or perhaps look for other ways of getting from A to B rather than relying on cars and vans!


blog comments powered by Disqus

Economics Revision Workshops for AS & A2 Economics with tutor2u
ECONOMICS TEACHER RESOURCE NEWSLETTER

Join over 6,000 other Economics Teachers in the UK and around the world who receive the tutor2u regular Economics Resource Email Newsletter. Get special offers, first news of latest resources, teaching ideas, conferences and workshops + loads of great ideas for teaching economics from our blog authors.

*  Your Email Address:
*  Preferred Format:
    AS/A2 Economics Board:
    GCSE Economics Board:
*  Country:
    Full Name:
    Job / Position:
    Postcode:
    School / College:
    Town / City:
*  Enter the security code shown:

Blog RSS feed Blog RSS Feed
Economics Teacher National Conference 2012

AS/A2 Econ Revision Notes AS/A2 Econ Revision Notes 


Login to the tutor2u Moodle VLE

Latest entries

Categories