beauty contest

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Beauty Contest

In Keynesian economics, a concept describing how rational investors are expected to buy and sell securities. According to the theory, in a free market, rational investors tend to buy securities they believe everyone else thinks are valuable, rather than the ones they themselves believe are valuable. That is, because demand for securities drives prices up and down, rational investors attempt to estimate their demand rather than their intrinsic values. The term is based on a fictional newspaper contest in which contestants are asked to identify one woman among six that other people think to be the most beautiful, rather than the woman the contestant likes best himself.

beauty contest

a competition between TRADE UNIONS to gain recognition by an employer for COLLECTIVE BARGAINING and/or representational purposes. See BRIDLINGTON RULES.
References in periodicals archive ?
Steph Alderton, 19, said: "This is my first ever beauty pageant.
Sadly, we can't ban deluded parents, but we can do the next best thing and ban child beauty pageants.
Her first foray into the beauty pageant world, she said that she chose to take part to boost her confidence and raise money to help create a new oncology unit for young people at Manchester's Christie Hospital.
BY day, she is a hard-working dental nurse, but by night, she is a glamorous beauty pageant princess.
CULTURE and heritage will take centre stage at a beauty pageant being held in Bahrain next month that is expected to feature models from more than 30 countries.
A TRADITIONAL beauty pageant is being brought back to Nuneaton after 40 years.
Justin Timberlake, Selina Gomez, Katy Perry were all in children's beauty pageants and look at them now.
Despite the long dry spell at international beauty pageants, the country can still be placed next to Venezuela, when it comes to the number of crowns we have won.
OUR story about 23-month-old beauty pageant contestant Eleanor June caused outrage.
I hope the new Filipina beauty pageants will fulfill their obligations and actualise their mission.
We don t understand why only our programme was targeted when dozens of beauty pageants took place in the country the same year," said Rajbanshi, who denied the event was exploitative.
No swimsuits or evening gown competitions and heavy media coverage of beauty pageants were the highlights of the Saudi contest based in the eastern city of Safwa.