Reflexivity in Economics

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Exploring the complexity of human cognition, this book delves into the concept of reflexivity, highlighting how individuals actively shape their beliefs and mental representations. It discusses how these mental models influence decision-making and predict future events, reflecting both personal and situational contexts. The text also examines the impact of social theories on behavior, suggesting that accepted theories can validate or challenge agents' actions, thereby creating recursive effects that shape understanding and interaction with the world.