beauty contest

(redirected from Beauty pagent)
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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 ?
The pretty 21-year-old dropped out of the high-profile competition because she reckons the beauty pagent is "very fake.
Auditions for the male equivalent of the Miss Ireland beauty pagent are starting at the end of next month.
In the tradition of beauty pagent winners, Chris's ambition is to bring an end to poverty.
Thanks to Middlesbrough company Bed King, Tracey Moore, who is on a Billingham model agency's books, was able to go St Lucia to take part in a beauty pagent after she won the Mrs Great Britain title.