Overview
- Interdiciplinary approach to reflexivity in economics
- Implications of self-reflexivity in economic theories on the concept of bounded rationality
- Economic experiments focussing the absorbability of guessing-games' and informational cascades' theories
- Includes supplementary material: sn.pub/extras
Part of the book series: Contributions to Economics (CE)
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About this book
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.
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Table of contents (7 chapters)
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Front Matter
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Back Matter
Authors and Affiliations
Bibliographic Information
Book Title: Reflexivity in Economics
Book Subtitle: An Experimental Examination on the Self-Referentiality of Economic Theories
Authors: Serena Sandri
Series Title: Contributions to Economics
DOI: https://doi.org/10.1007/978-3-7908-2092-8
Publisher: Physica Heidelberg
eBook Packages: Business and Economics, Economics and Finance (R0)
Copyright Information: Physica-Verlag Heidelberg 2009
Hardcover ISBN: 978-3-7908-2091-1Published: 05 November 2008
Softcover ISBN: 978-3-7908-2572-5Published: 19 October 2010
eBook ISBN: 978-3-7908-2092-8Published: 30 November 2008
Series ISSN: 1431-1933
Series E-ISSN: 2197-7178
Edition Number: 1
Number of Pages: XII, 206
Number of Illustrations: 30 b/w illustrations
Topics: Economic Theory/Quantitative Economics/Mathematical Methods, History of Economic Thought/Methodology, Philosophy of Science, Philosophy of the Social Sciences