Talk:Keynesian beauty contest

message: A cursory glance seems to indicate that this is known as the Keynesian Beauty Contest in the literature. Besides, a paradox is a counterintuitive statement, and in Keynes' words
: It is not a case of choosing those [faces] which, to the best of one’s judgment, are really the prettiest, nor even those which average opinion genuinely thinks the prettiest. We have reached the third degree where we devote our intelligences to anticipating what average opinion expects the average opinion to be. And there are some, I believe, who practise the fourth, fifth and higher degrees.” (Keynes,  General Theory of Employment Interest and Money, 1936).
there is nothing counterintuitive. Pilatus 14:22, 4 February 2006 (UTC)
thread_title: Name in the literature

message: I've removed this recently added section for now because I don't think it has much to do with game theory:
: The Bigger Dance
: An example of a Keynesian beauty contest is the Bigger Dance sponsored by Seattle sports radio station KJR-AM. 
: The game is structured similar to that of an NCAA bracket, except with women instead of basketball teams.  Listeners are encouraged to fill out an online bracket.
: Once the Dance begins, the station begins having four-minute segments allocated to each game, with listeners calling in to vote for their choice.  The woman with the most votes then goes on to the next level.  Similar to other brackets for single-elimination tournaments, points are awarded for guessing the correct winner, depending on the round.  The winner, determined by the person with the most points for their bracket, receives a prize - a trip to their choice of sporting event.
: As a result, it is very common for listeners to make their selection based on their opinion of what the majority opinion will be, and even participate to ensure that their choice wins, regardless of their individual opinion of relative attractiveness.
How would this rather large section help readers to understand game theory? --Tony Sidaway 15:26, 27 May 2006 (UTC)
thread_title: The Bigger Dance

message: Do not merge this with "Guess 2/3 of the average". It is a terrible idea which would detract from the key insight of each problem. All of game theory is related. That doesn't mean it is all the same. - R  —Preceding unsigned comment added by 24.105.137.136 (talk) 14:30, 24 March 2009 (UTC)
replies: text: I put the merge suggestion up because 1) Guess 2/3 of the average is to my knowledge the most widely used and taught mechanism of the Keynesian beauty contest and 2) half of the Keynesian beauty contest article already discusses Guess 2/3 of the average.  These two topics are not very different game theory topics, as one is just a manifestation of the other.  For example, a coalition-proof Nash equilibrium is a specific type of Nash equilibrium, yet does not have its own article.  Could you elaborate further on how you feel it would detract from the key insight of each problem?  They seem very closely related to me. Halcyonhazard (talk) 06:36, 25 March 2009 (UTC)
replies: text:   At first I was adverse to a merger, however, it seems like a good idea now--Keyenesian Beauty Contest being the main article, with a sub-category of "Popular Examples" or "Examples of Keynesian Beauty Contests."  TC 161.32.200.19 (talk) 15:53, 6 April 2009 (UTC)

text: Agree.  This is consistent with my reading as well. walkie (talk) 21:26, 1 July 2009 (UTC)
thread_title: Merge Discussion

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thread_title:  External links modified 

message: It occurred to me that Keynesian beauty contest is analogous to the (I think, widely familiar) iocane poisoning scene in The Princess Bride, and might be worthwhile briefly mentioning it as an analogy in popular culture. Although I fear it could be considered original research. Ypna (talk) 01:35, 20 December 2019 (UTC)
thread_title:  The Princess Bride