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 ?
Some areas that already had community beauty pageants began sending their representatives to San Francisco.
Mikayla Holmgren became the first woman with Down syndrome to compete in the beauty pageant.
Quirino defended beauty pageants as just a parade of candidates in their swimsuits.
Lara managed to balance her beauty pageants with studying for A-levels in psychology and Welsh.
The French have banned kids from taking part in beauty pageants until they reach 16 years of age.
It's been a swift rise to beauty pageant success, with the girls having started competing only over the last year, said mum April Bates, aged 37.
A REGISTRATION deadline for an annual beauty pageant has been extended to allow more participants to come forward.
This year's beauty pageant would be a low- profile event in wake of the earthquake in the Kyegudo region of Tibet a few weeks ago.
A TEENAGER from County Durham has won a beauty pageant in America.
Beautiful'' stars Minnie Driver as a young woman obsessed with achieving greatness (or acceptance) in highly superficial beauty pageants.
Spanish-language network, airing the premiere musical events, festivals, beauty pageants and award ceremonies in the Spanish-speaking world.
The swimsuit portion of beauty pageants has come under fire by participants and speculators alike.