Keynesian beauty contest as a metaphor for selection of domina | Robert W Malone, MD

Keynesian beauty contest as a metaphor for selection of dominant narratives

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. This idea is often applied in financial markets, whereby investors could profit more by buying whichever stocks they think other investors will buy, rather than the stocks that have fundamentally the best value. Because when other people buy a stock, they bid up the price, allowing an earlier investor to cash out with a profit, regardless of whether the price increases are supported by its fundamentals.

https://en.m.wikipedia.org/wiki/Keynesian_beauty_contest

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