The aim of this investigation is to display how the use of classroom experiments may be a good pedagogical tool to teach the Nash equilibrium (NE) concept. The basic game for our purposes is a repeated version of the Beauty Contest Game (BCG), a simple guessing game whose repetition lets...

The business industry is growing and business courses are thriving everywhere. As a result, competitive pressures rise developing a system of complexity which requires more than just an understanding of various business concepts and principles. The purpose of this study is to identify the...