Fallibility, reflexivity, and the human uncertainty principle

@article{Soros2013FallibilityRA,
  title={Fallibility, reflexivity, and the human uncertainty principle},
  author={George Soros},
  journal={Journal of Economic Methodology},
  year={2013},
  volume={20},
  pages={309 - 329}
}
  • G. Soros
  • Published 1 December 2013
  • Economics
  • Journal of Economic Methodology
I am honored that the editors of the Journal of Economic Methodology have created this special issue on the subject of reflexivity and have invited me, as well as a distinguished group of scholars, to contribute. Of course I did not discover reflexivity. Earlier observers recognized it, or at least aspects of it, often under a different name. Knight (1921) explored the difference between risk and uncertainty. Keynes (1936, Chapter 12) compared financial markets to a beauty contest where the… 

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On the role of reflexivity in economic analysis

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

Reflexivity, complexity, and the nature of social science

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

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