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Published 1997 | Published
Journal Article Open

Taxi Drivers and Beauty Contests

Abstract

The trading floor of the New York Stock Exchange. The British economist John Maynard Keynes likened playing the market to voting for the prettiest face in a beauty contest; hence the second part of this article's title.

Additional Information

The beauty-contest and bubble work was supported by the National Science Foundation. The taxi-driver study was supported by the Russell Sage Foundation. This article is adapted from a Watson lecture.

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Created:
August 19, 2023
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October 23, 2023