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

Since the individuals are not just stimulus-response machines but more complex beings that think and are simultaneously conscious of their thought, reflexivity 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 reflexivity, the individual thought shapes beliefs and mental representations which give life t...