Meaning of Keynesian beauty contest | Babel Free
Definitions
A theoretical beauty contest where judges are rewarded for selecting the most popular faces among all judges, rather than those they personally find the most attractive. The idea may be applied to the buying of stocks in financial markets.
CEFR level
C1
Advanced
This word is part of the CEFR C1 vocabulary — advanced level.
This word is part of the CEFR C1 vocabulary — advanced level.