Contributions to Economics

Reflexivity in Economics

An Experimental Examination on the Self-Referentiality of Economic Theories

Authors: Sandri, Serena

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    • 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
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eBook 130,89 €
price for Spain (gross)
  • ISBN 978-3-7908-2092-8
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Hardcover 161,19 €
price for Spain (gross)
  • ISBN 978-3-7908-2091-1
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Softcover 161,19 €
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  • ISBN 978-3-7908-2572-5
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About this book

This study discusses the implications of the recursive or self-reflexive effects of economic theories on bounded rational behaviour and interaction. It focuses on the mechanisms through which bounded rational actors perceive the self-referential nature of economic theories and might absorb their prescriptions. As individuals think and are conscious of their thought, reflexivity is potentially involved in all human acts of cognition and in all conceptualizations. Further, the individuals can make use of social theories which can therefore yield recursive effects and interfere with the phenomena they aim to depict. Taking into consideration the bounded rationality of the individuals, this study investigates the modalities by means of which the recursive character of economic theorizing is perceived and the conditions under which economic theories affect behaviour, according to the results of two economic experiments focussing the absorbability of guessing-games' and informational cascades' theories.

Table of contents (7 chapters)

Table of contents (7 chapters)

Buy this book

eBook 130,89 €
price for Spain (gross)
  • ISBN 978-3-7908-2092-8
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover 161,19 €
price for Spain (gross)
  • ISBN 978-3-7908-2091-1
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
  • The final prices may differ from the prices shown due to specifics of VAT rules
Softcover 161,19 €
price for Spain (gross)
  • ISBN 978-3-7908-2572-5
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
  • The final prices may differ from the prices shown due to specifics of VAT rules
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Bibliographic Information

Bibliographic Information
Book Title
Reflexivity in Economics
Book Subtitle
An Experimental Examination on the Self-Referentiality of Economic Theories
Authors
Series Title
Contributions to Economics
Copyright
2009
Publisher
Physica-Verlag Heidelberg
Copyright Holder
Physica-Verlag Heidelberg
eBook ISBN
978-3-7908-2092-8
DOI
10.1007/978-3-7908-2092-8
Hardcover ISBN
978-3-7908-2091-1
Softcover ISBN
978-3-7908-2572-5
Series ISSN
1431-1933
Edition Number
1
Number of Pages
XII, 206
Number of Illustrations
30 b/w illustrations
Topics