A Keynesian beauty contest is a concept developed by John Maynard Keynes and introduced in Chapter 12 of his work, The General Theory of Employment, Interest and Money (1936), to explain price fluctuations in equity markets.
Read more about Keynesian Beauty Contest: Overview, Subsequent Theory
Famous quotes containing the words beauty and/or contest:
“Things thought too long can be no longer thought
For beauty dies of beauty, worth of worth,
And ancient lineaments are blotted out.”
—William Butler Yeats (1865–1939)
“The contest between the Future and the Past is one between Divinity entering, and Divinity departing. You are welcome to try your experiments, and, if you can, to displace the actual order by that ideal republic you announce, of nothing but God will expel God.”
—Ralph Waldo Emerson (1803–1882)