Grade 9-12
,
Activity
Is it Fair?
Objective
Students will be able to:
- Describe factors influencing the decision-making process
Standard
National Standards in Economics
Decision Making
Standard: 2
- Students will understand that: Effective decision making requires comparing the additional costs of alternatives with the additional benefits. Many choices involve doing a little more or a little less of something: few choices "are all or nothing" decisions.
- Students will be able to use this knowledge to: Make effective decisions as consumers, producers, savers, investors, and citizens.
In this economics activity, students will examine how incentives and fairness affect human behavior.
Resources
Procedure
This individual activity requires students to view the video Capuchin Monkeys Reject Unequal Pay, which explores the roles of incentives and fairness in the decision-making process. After watching the video students will answer questions by completing either the Quizizz Activity or the ReadyAssessments Activity. To complete this activity, students should follow the directions below:
- Watch a short video clip entitled Capuchin Monkeys Reject Unequal Pay
- Answer these questions in either the Quizizz Activity or in the ReadyAssessments Activity.