dunnettreader + reflexivity   11

Regina Schwartz - Secularism, belief, and truth « The Immanent Frame - Oct 2011
Triggered by Bilgrami’s paper and Taylor's thoughts on respect of multicultural communities, becomes a meditation on the virtues of open, vigorous debate in endless truth-seeking stimulated by Milton. -- It is because that Truth of how best to live together is a mystery, not fully graspable, knowable, manipulable, after all, that we need to approach the dialogue with the other with full respect—to listen, learn, and evaluate. So I guess mystery turns out not to be so woosie for politics, after all. Another way to say this is that I agree with Taylor’s assessment that we are in an era of reflexivity regarding religion in which belief is always questionable and there are many different positions, that this is a good, the outcome of the Enlightenment and the romantic Counter-Enlightenment, and surely, we need that same reflexivity in our secular beliefs. -- downloaded page as pdf to Note
epistemology-social  religious_belief  multiculturalism  Taylor_Charles  secularism  free_speech  freedom_of_conscience  reflexivity  liberalism  Milton  downloaded  EF-add 
november 2014 by dunnettreader
The Theory of Reflexivity by George Soros (1994) | Mert Sahinoglu
Copy of early presentation of his concept that spells out some financial sector specifics not in his recent epistemology writings -- The Theory of Reflexivity by George Soros -- Delivered April 26, 1994 to the MIT Department of Economics World Economy -- Laboratory Conference Washington, D.C.
Soros  reflexivity  financial_system  economic_models 
january 2014 by dunnettreader
Eric D. Beinhocker : Reflexivity, complexity, and the nature of social science - Journal of Economic Methodology [Soros special issue] - Volume 20, Issue 4 - Taylor & Francis Online
pages 330-342 -- downloaded pdf to Note -- In 1987, George Soros introduced his concepts of reflexivity and fallibility and has further developed and applied these concepts over subsequent decades. This paper attempts to build on Soros's framework, provide his concepts with a more precise definition, and put them in the context of recent thinking on complex adaptive systems. The paper proposes that systems can be classified along a ‘spectrum of complexity’ and that under specific conditions not only social systems but also natural and artificial systems can be considered ‘complex reflexive.’ The epistemological challenges associated with scientifically understanding a phenomenon stem not from whether its domain is social, natural, or artificial, but where it falls along this spectrum. Reflexive systems present particular challenges; however, evolutionary model-dependent realism provides a bridge between Soros and Popper and a potential path forward for economics.
article  philosophy_of_science  philosophy_of_social_science  epistemology  methodology  complexity  Soros  reflexivity  intentionality  evolution-as-model  Popper  scientific_method  downloaded  EF-add  systems-complex_adaptive  systems-reflexive  systems_theory  economic_theory  economic_models  EMH  rationality-economics  rational_expectations  information-markets  cognition  cognition-social  falsification  neuroscience  uncertainty  laws_of_nature  covering_laws  causation  explanation  prediction 
january 2014 by dunnettreader
Contents | Yi-Cheng Zhang - The Structure of Information Economy [book chapter drafts]
TOC and links to chapter drafts. Zhang is at Fribourg, a physicist who uses Soros reflexivity insights as part of top level Darwinian inflected theory of NESS - non-equilibrium social sciences.
books  philosophy_of_social_science  economic_theory  evolution-as-model  evolution-social  Soros  reflexivity  information-markets  information-asymmetric  cognition  cognition-social  fallibility  Innovation  marketing  networks-social  supply_chains  equilibrium  networks-information  EF-add 
january 2014 by dunnettreader
Yi-Cheng Zhang :: Broader scopes of the reflexivity principle in the economy - Journal of Economic Methodology [Soros special issue] - Volume 20, Issue 4 -Taylor & Francis Online
pages 446-453 -- downloaded pdf to Note -- The reflexivity principle of George Soros – that man's fallible understanding can have reflexivity impacts that shape reality – challenges mainstream economics in a fundamental way. This essay will outline a research program that corroborates the reflexivity principle and extends it to broader economic issues. We shall often use examples of consumer and finance markets, but the implications go beyond these examples. The following eight sections build up our main thesis that reflexivity plays an essential role in understanding the economy. -- see bookmark for his draft book on information economy (Oxford 2014 or 2015) and the project he leads on NESS non-equilibrium social sciences
article  philosophy_of_social_science  economic_theory  evolution-as-model  evolution-social  Soros  reflexivity  information-markets  information-asymmetric  cognition  cognition-social  fallibility  Innovation  marketing  networks-social  supply_chains  equilibrium  networks-information  downloaded  EF-add 
january 2014 by dunnettreader
Anwar Shaikh : On the role of reflexivity in economic analysis - Journal of Economic Methodology [Soros special issue] - Volume 20, Issue 4 - Taylor & Francis Online
pages 439-445 -- downloaded pdf to Note -- Soros' theory of reflexivity is meant to apply to a variety of social processes. In economics, it implies that many processes will be subject to “boom-bust” patterns in which expected outcomes deviate for a considerable time from the actual path, and that the actual path in turn deviates from the underlying fundamentals. This is in sharp contrast to the reigning notions in orthodox economics. The hypothesis of Rational Expectations (RE) requires that the views of all participants will converge to a “single set correct of expectations” and the Efficient Market Hypothesis (EMH) posits that actual outcomes deviate from equilibrium in a random manner save for occasional exogenous shocks. In this paper I show that Soros' argument is similar to the classical and Keynesian notions of equilibration as a turbulent process in which actual and expected variables gravitate around some fundamental value. But Soros makes the important further contribution of emphasizing that the fundamental value itself will generally be affected, but not fully determined, by (diverse) expectations and actual outcomes. I demonstrate that Soros' theory of reflexivity can be formalized and that the resulting system is stable in in the sense that expected and actual variables will gravitate around a possibly moving fundamental value. The paper ends with a discussion of an alternate economic paradigm in which the principle of reflexivity would be central.
article  intellectual_history  19thC  20thC  economic_theory  macroeconomics  economic_models  classical_economics  Keynesianism  equilibrium  fundamentals  capital_markets  EMH  rationality-economics  rational_expectations  information-markets  reflexivity  uncertainty  financial_economics  financial_system  philosophy_of_social_science  methodology  downloaded  EF-add 
january 2014 by dunnettreader
Alex Rosenberg :: Reflexivity, uncertainty and the unity of science - Journal of Economic Methodology [Soros special issue] - Volume 20, Issue 4 - Taylor & Francis Online
The paper argues that substantial support for Soros' claims about uncertainty and reflexivity in economics and human affairs generally are provided by the operation of both factors in the biological domain to produce substantially the same processes which have been recognized by ecologists and evolutionary biologists. In particular predator prey relations have their sources in uncertainty – i.e. the random character of variations, and frequency dependent co-evolution – reflexivity. The paper argues that despite Soros' claims, intentionality is not required to produce these phenomena, and that where it does so, in the human case, it provides no basis to deny a reasonable thesis of the methodological or causal unity of science. The argument for this conclusion is developed by starting with a biological predator/prey relation and successively introducing intentional components without affecting the nature of the process. Accepting the conclusion of this argument provides substantial additional inductive support for Soros' theory in its economic application. -- downloaded pdf to Note
article  philosophy_of_science  philosophy_of_social_science  evolutionary_biology  reflexivity  scientific_method  epistemology  uncertainty  methodology  randomness  Soros 
january 2014 by dunnettreader
George Soros - Fallibility, reflexivity, and the human uncertainty principle - Journal of Economic Methodology [Soros special issue] - Volume 20, Issue 4 - Taylor & Francis Online
Lead article for special issue devoted to Soros and epistemology in social sciences more broadly compared with natural sciences and Popper's version of falsibility in scientific method -- He's making progress in formalizing his theory and putting it in context of other theorists - sees his fallibility and reflexivity combination as major factor in "Knightian uncertainty" - Downloaded pdf to Note
article  philosophy_of_social_science  philosophy_of_science  epistemology  scientific_method  falsification  deduction  Popper  Soros  uncertainty  economic_theory  economic_models  financial_economics  capital_markets  FX  EMH  rationality-economics  rational_expectations  complexity  equilibrium  reflexivity  ontology-social  free_will  financial_crisis  financial_system  fallibility  downloaded  EF-add  fundamentals  methodology  cognition  agency  intentionality 
january 2014 by dunnettreader

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