a concept developed by economist John Maynard Keynes in 1936 to explain price fluctuations in equity markets

A Keynesian beauty contest [keyn-zee-uhn] is a concept developed by economist John Maynard Keynes in 1936 to explain price fluctuations in equity markets.

all the players are asked to pick a number from zero to one hundred

The Keynesian Beauty Contest, as The Keynesian Beauty Contest is known, is a game in which all the players are asked to pick a number from zero to one hundred.

a beauty contest where judges are rewarded for selecting the most popular faces among all judges, rather than those they may personally find the most attractive

A Keynesian beauty contest describes a beauty contest where judges are rewarded for selecting the most popular faces among all judges, rather than those they may personally find the most attractive.

price fluctuations in equity markets

A Keynesian beauty contest is a concept developed by John Maynard Keynes and introduced in Chapter 12 of A Keynesian Beauty Contest's work, The General Theory of Employment, Interest and Money (1936), to explain price fluctuations in equity markets.

an early theory in behavioral finance that describes how our perceptions of value can cause irrational fluctuations in supposedly rational systems

The Keynesian Beauty Contest is an early theory in behavioral finance that describes how our perceptions of value can cause irrational fluctuations in supposedly rational systems.

a game in which all the players are asked to pick a number from zero to one hundred

The Keynesian Beauty Contest, as The Keynesian Beauty Contest is known, is a game in which all the players are asked to pick a number from zero to one hundred.

the stock market

In 1936, economist John Maynard Keynes likened the stock market to a beauty contest where judges reward the most popular faces, rather than those they personally find most attractive.

One of John Maynard Keynes's concepts

One of John Maynard Keynes's concepts became known as the Keynesian beauty contest.

to: Keynesian beauty contest, a concept in economics and game theory Beauty Contest (Rugrats), an episode from the animated series Rugrats Beauty Pageant (Parks and Recreation), an episode from the television series Parks and Recreation

Beauty contest may also refer to: Keynesian beauty contest, a concept in economics and game theory Beauty Contest (Rugrats), an episode from the animated series Rugrats Beauty Pageant (Parks and Recreation), an episode from the television series Parks and Recreation

a common middle class myth that you can work your way up the corporate ladder to the top

a Keynesian beauty contest is a common middle class myth that you can work your way up the corporate ladder to the top.

investing as a kind of beauty contest in which the objective is not to select the contestant you think is the most beautiful, but to select the contestant you think the judges will pick as the winner

Lord Maynard Keynes once described investing as a kind of beauty contest in which the objective is not to select the contestant you think is the most beautiful, but to select the contestant you think the judges will pick as the winner.

as a systematic recognition of second-order observation

Keynes’ beauty contest can be interpreted as a systematic recognition of second-order observation: financial operators observe primarily other observers and what they observe.