Reflexivity in Economics

An Experimental Examination on the Self-Referentiality of Economic Theories

Serena Sandri (Autor)

Buch | Softcover

XII, 206 Seiten

2010 | 1. Softcover reprint of hardcover 1st ed. 2009
Physica (Verlag)
978-3-7908-2572-5 (ISBN)

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Since the individuals are not just stimulus-response machines but more complex beings that think and are simultaneously conscious of their thought, re?exivity is potentially involved in all human acts of cognition and in all conceptualizations. On this basis, each human discourse can be characterized as a way of thought f- mulation and therefore, reveals a self-referring nature. On this level of re?exivity, the individual thought shapes beliefs and mental representations which give life to mental models and strive to predict future events and developments to support the individuals in their decision-making. Such mental models are re?ected by the - dividuals themselves and on the situation they are confronted with. According to the result of this recursive application, the individuals will then decide which model they want to refer to, or in other words, which model they want to absorb. Similarly, the individuals can make use of social theories and predictions which can therefore yield recursive effects and interfere with the phenomena they aim to depict. Revealed theories, if accepted, may in?uence the behaviour or the agents they focus on, either in the sense of validation of the theoretical content or in that of its rejection.

Reflexivity and Self-Reference.- Reflexivity of Social Reality.- Reflexivity and Predictability of the Social Sciences.- On the Rationality of the Economic Actors.- Heuristics, Biases and Methods for Debiasing.- Self-Referentiality of Economic Theories and Theory Absorption.- On the Absorbability of Economic Theories - An Experimental Analysis.

Erscheint lt. Verlag	19.10.2010
Reihe/Serie	Contributions to Economics
Zusatzinfo	XII, 206 p. 30 illus.
Verlagsort	Heidelberg
Sprache	englisch
Maße	155 x 235 mm
Gewicht	334 g
Themenwelt	Geisteswissenschaften ► Philosophie
	Naturwissenschaften
	Wirtschaft ► Volkswirtschaftslehre
Schlagworte	Behavioural Economics • Experimental economics • Game Theory • Informational Cascades • Theory Absorption
ISBN-10	3-7908-2572-7 / 3790825727
ISBN-13	978-3-7908-2572-5 / 9783790825725
Zustand	Neuware