Philosophy Dictionary of Arguments

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Surowiecki I 316
Stock market/Information/Behavior/Keynes/Surowiecki: the stock market can be compared to a beauty contest. The prize is awarded to the person whose choice comes closest to the average taste of all participants.
Surowiecki I 317
For this reason, everyone does not have to choose the faces he or she likes best, but rather those that he or she thinks will probably attract the attention of other participants who see this task from the same point of view. (1)
Surowiecki: it is about what the average investor thinks is the opinion of the average investor.

1. John Maynard Keynes, The General Theory of Interest Employment, and Money (Macmillan, London 1936), S. 156.

Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution.
The note [Author1]Vs[Author2] or [Author]Vs[term] is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.

EconKeyn I
John Maynard Keynes
The Economic Consequences of the Peace New York 1920

Surowi I
James Surowiecki
Die Weisheit der Vielen: Warum Gruppen klüger sind als Einzelne und wie wir das kollektive Wissen für unser wirtschaftliches, soziales und politisches Handeln nutzen können München 2005

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Ed. Martin Schulz, access date 2019-08-17
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