Reflexivity in Economics

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Exploring the concept of reflexivity, the book delves into how human cognition involves complex thought processes that shape beliefs and mental models. These models help individuals predict future events and inform their decision-making. The recursive nature of thought allows individuals to reflect on their own mental frameworks and choose which to adopt, influencing their behaviors and interactions with social theories. Accepted theories can validate or challenge these frameworks, illustrating the dynamic interplay between thought and action in human behavior.