Resource title

Recursivity and Self-Referentiality of Economic Theories and Their Implications for Bounded Rational Actors

Resource image

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Resource description

This study aims at the analysis of the possible self-referential effects of economic theories and models on its own subject and of the mechanisms through which bounded rational actors perceive the self-referential nature of economic theories and might absorb their prescriptions. Thus, the focus of the present study will be on the effects of economic theories on the behaviour of the analyzed economic actors. The analysis of the possible causal role of theories on bounded rational economic behaviour will be interpreted as a sort of validity test of economic theory.

Resource author

Marco Lehmann-Waffenschmidt, Serena Sandri

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Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/22744

Resource license

Adapt according to the presented license agreement and reference the original author.