Reflexivity in Economics: An Experimental Examination on the Self-Referentiality of Economic Theories

Author:   Serena Sandri
Publisher:   Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
Edition:   Softcover reprint of hardcover 1st ed. 2009
ISBN:  

9783790825725


Pages:   206
Publication Date:   19 October 2010
Format:   Paperback
Availability:   In Print   Availability explained
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Reflexivity in Economics: An Experimental Examination on the Self-Referentiality of Economic Theories


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Overview

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.

Full Product Details

Author:   Serena Sandri
Publisher:   Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
Imprint:   Physica-Verlag GmbH & Co
Edition:   Softcover reprint of hardcover 1st ed. 2009
Dimensions:   Width: 15.50cm , Height: 1.10cm , Length: 23.50cm
Weight:   0.454kg
ISBN:  

9783790825725


ISBN 10:   3790825727
Pages:   206
Publication Date:   19 October 2010
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   In Print   Availability explained
This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us.

Table of Contents

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.

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