Keynes Beauty Contest
Introduction
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.
This Project
This project is a Next.js application that allows an interactive beauty contest in its most popular form. Participants choose a number from 1 to 100 attempting to guess 2/3rds of the average guess from all participants. This application allows all participants to guess and see the result in real time.
Dev Setup
Installation
npm i
Run
npm run dev
Run for production
Build for production
npm run build
Run
npm start