beauty contest

(redirected from Child 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 ?
They insisted the UK Cinderella Pageant was different to other child beauty contests that made national headlines last year, including the notorious Mini Miss UK - in which girls as young as 14 parade in swimsuits before a panel of adult judges.
Now Kelly has won 16 child beauty contests and is the reigning Mini Miss UK after beating 1,600 rivals.
Across the US, hundreds of thousands of children take part in child beauty contests every year.
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