Tag Archives: action theory

So much for rational agency based on autonomous preferences as viable assumption for a realistic economics. The world in which we live is socially constructed, which is hardly surprising since humans are social animals (homo socialis) more than economic animals (homo economicus). Most are crowd-followers behaving endogenously within the social system they inhabit rather than exogenous agents acting independently of the social system.Stumbling and MumblingOn socially influenced preferences...

Cognitive-affective bias. Short post but really a long one considering the links, which are useful in gaining understanding as well as justifying claims.Stumbling and MumblingWhy we are wrongChris Dillow | Investors Chronicle